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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB minutes: Officials oppose the decision to resume QE
Minutes of the European Central Bank’s (ECB) recent monetary policy meeting, revealed that the ECB policymakers remained deeply divided over the re-launch of the quantitative easing (QE) programme in November, arguing that it should be used only as a last resort, or that it was no longer effective as Eurozone bond yields were already so low.
UK industrial production declined more than expected in August
In the UK, industrial production dropped 0.60% on a MoM basis in August, higher than market expectations for a fall of 0.10%. In the prior month, industrial production had advanced 0.10%.
UK manufacturing production eased in August
In the UK, manufacturing production registered a drop of 0.70% on a MoM basis in August. In the prior month, manufacturing production had risen by a revised 0.40%.
UK GDP dropped in August
In the UK gross domestic product (GDP) dropped 0.10% on a MoM basis in August. In the previous month, GDP had registered a rise of 0.30%.
US CPI remained flat in September
In the US, the consumer price index (CPI) remained flat on a MoM basis in September, lower than market expectations for a rise of 0.10%. The CPI had recorded a rise of 0.10% in the prior month.
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