Guardian Stockbrokers Key Economic News Wednesday 14 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 unemployment rate unexpectedly climbed in the April-June 2019 period

In the UK, the unemployment rate advanced unexpectedly to a level of 3.90% in the April-June 2019 period, higher than market expectations of a steady reading. The unemployment rate had registered a reading of 3.80% in the March-May 2019 period.

UK average earnings including bonus advanced as expected in the April-June 2019 period

In the UK, the average earnings including bonus rose 3.70% on a YoY basis in the April-June 2019 period, in line with market expectations. The average earnings including bonus had registered a revised rise of 3.50% in the March-May 2019 period.

Euro-zone economic sentiment index slid in August

In the Euro-zone, the economic sentiment index recorded a drop to a level of -43.60 in August, compared to a reading of -20.30 in the previous month.

German economic sentiment index declined in August

In Germany, the economic sentiment index eased to a level of -44.10 in August, compared to market expectations of a fall to a reading of -28.00. The economic sentiment index had recorded a reading of -24.50 in the previous month.

US CPI rose more than expected in July

In the US, the consumer price index (CPI) recorded a rise of 1.80% on a YoY basis in July, higher than market expectations for a rise of 1.70%. In the prior month, the CPI had climbed 1.60%.

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