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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK mortgage approvals for house purchases slid in September
In the UK, number of mortgage approvals for house purchases registered a drop to a level of 65.30 K in September, compared to market expectations of a fall to a level of 64.70 K. Number of mortgage approvals for house purchases had registered a revised reading of 66.10 K in the prior month.
UK net consumer credit rose less than expected in September
Net consumer credit in the UK rose £0.80 billion in September, lower than market expectations for an advance of £1.20 billion. Net consumer credit had advanced £1.10 billion in the prior month.
US personal income advanced less than expected in September
In the US, personal income rose 0.20% on a MoM basis in September, less than market expectations for an advance of 0.40%. In the previous month, personal income had advanced by a revised 0.40%.
US personal spending rose as expected in September
Personal spending in the US rose 0.40% on a MoM basis in September, in line with market expectations. In the previous month, personal spending had climbed by a revised 0.50%.
US Dallas Fed manufacturing business index unexpectedly rose in October
The Dallas Fed manufacturing business index in the US unexpectedly advanced to a level of 29.40 in October, higher than market expectations of an unchanged reading. The index had recorded a reading of 28.10 in the previous month.
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