UK GDP, Trade, Production Day [Video]
|Start of the trading week is relatively light in terms of publications, but it should be interesting for Sterling traders, so stay with us. It’s busy with UK July data publications at 8:30 in the morning, including the high importance monthly GDP.
Economy expanded at just one tenth of a percent in June after gaining point 3% in May and point 2% in April. Trade stats will also be available at this time. Visible trade deficit narrowed down in June from May’s level of 12.52 billion Pounds. Index of Production release wraps up the 8:30 data run. Both manufacturing and industrial productions were up by point 4% month on month in June.
US Consumer Credit for July is up next at 7 PM. Consumer debt increased by 10.2 billion US Dollars in June after jumping by a massive 24.3 billion in May. Australian NAB Business Survey for August wraps up this agenda at 1:30 in the morning. Business confidence ticked up 1 point to plus 7 index points, which is an around average level. I’m Jack Everitt and this wraps up the Economic Calendar for Monday.
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