Guardian Stockbrokers Key Economic News Monday 12 August 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK GDP surprisingly fell in 2Q 2019

In the UK, the flash gross domestic product (GDP) unexpectedly eased 0.20% on a QoQ basis in 2Q 2019, less than market expectations for a steady reading. In the prior quarter, GDP had advanced 0.50%.

UK construction output fell more than expected in June

In the UK, construction output fell 0.70% on a MoM basis in June, compared to a revised rise of 0.30% in the previous month. Market anticipation was for construction output to fall 0.40%.

UK industrial production declined less than expected in June

In the UK, industrial production registered a drop of 0.10% on a MoM basis in June, less than market expectations for a fall of 0.20%. Industrial production had risen by a revised 1.20% in the previous month.

UK manufacturing production fell less than expected in June

In the UK, manufacturing production fell 0.20% on a MoM basis in June, less than market expectations for a fall of 0.30%. In the prior month, manufacturing production had advanced 1.40%.

German trade surplus fell in June

In Germany, the seasonally adjusted trade surplus declined to €16.80 billion in June, compared to a trade surplus of €20.60 billion in the prior month. Market anticipation was for the nation to register a trade surplus of €19.50 billion.

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