Guardian Stockbrokers Key Economic News Friday 23 November 2018

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

ECB Minutes: Policymakers upbeat on economy

The European Central Bank (ECB) policymakers, in the latest monetary policy meeting, showed confidence in the Euro-zone economy despite continuous uncertainties and fragilities affecting the economy. However, officials acknowledged that various arguments pointed at risks to growth tilting towards the downside.

Euro-zone consumer confidence index dropped in November

The flash consumer confidence index in the Euro-zone registered a drop to a level of -3.90 in November, higher than market expectations of a fall to a reading of -3.00. The index had recorded a reading of -2.70 in the previous month.

French industrial business climate index remained steady in November

The industrial business climate index in France remained flat at a level of 104.00 in November. Market anticipation was for the industrial business climate index to remain unchanged.

French production outlook indicator dropped in November

In France, the production outlook indicator dropped to a level of 4.00 in November, compared to a reading of 7.00 in the prior month.

Swiss industrial production advanced less than expected in 3Q 2018

In 3Q 2018, industrial production in Switzerland rose 1.40% on an annual basis, lower than market expectations for an advance of 6.20%. Industrial production had advanced by a revised 8.90% in the prior quarter.

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