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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate remained unchanged in the June-August 2018 period
In the UK, the ILO unemployment rate remained unchanged at 4.00% in the June-August 2018 period, meeting market expectations.
Euro-zone trade surplus expanded in August
In the Euro-zone, the seasonally adjusted trade surplus expanded to €16.60 billion in August, compared to a revised surplus of €12.60 billion in the previous month. Market expectation was for the region to register a surplus of €14.70 billion.
German economic sentiment index dropped in October
In Germany, the ZEW economic sentiment index recorded a drop to a level of -24.70 in October, compared to a reading of -10.60 in the previous month. Market anticipation was for the index to ease to a level of -12.00.
US industrial production rose more than expected in September
The US industrial production advanced 0.30% on a monthly basis, in September, higher than market expectations for a rise of 0.20%. Industrial production had advanced 0.40% in the previous month.
US manufacturing production rose as expected in September
Manufacturing production in the US registered a rise of 0.20% on a MoM basis, in September, meeting market expectations. In the previous month, manufacturing production had recorded a revised rise of 0.30%.
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