The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index fell as expected in September
In the UK, the Halifax house price index slid 0.40% on a MoM basis in September, compared to a revised rise of 0.20% in the previous month. Markets were anticipating the index to fall 0.40%.
UK retail sales across all sectors dropped more than expected in September
In the UK, retail sales across all sectors dropped 1.70% on a YoY basis in September, compared to a drop of 0.50% in the prior month. Markets were expecting retail sales across all sectors to ease 0.90%.
Euro-zone investor confidence index slid in October
In the Euro-zone, the investor confidence index fell to a level of -16.80 in October, higher than market expectations of a drop to a reading of -14.00. The index had recorded a level of -11.10 in the previous month.
German factory orders declined less than expected in August
In Germany, the seasonally adjusted factory orders registered a drop of 0.60% on a MoM basis in August, compared to a revised fall of 2.10% in the previous month. Market anticipation was for factory orders to ease 1.50%.
US consumer credit rose more than expected in August
In the US, consumer credit recorded a rise of $17.90 billion in August, higher than market expectations for an advance of $15.00 billion. Consumer credit had risen by a revised $23.05 billion in the previous month.
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