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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP remained steady in October
In the UK, gross domestic product (GDP) remained steady on MoM basis in October, less than market expectations for an advance of 0.10%. In the prior month, GDP had recorded a drop of 0.10%.
UK manufacturing production rose in October
In the UK, manufacturing production advanced 0.20% on MoM basis in October. In the previous month, manufacturing production had recorded a drop of 0.40%.
UK industrial production advanced less than expected in October
In the UK, industrial production registered a rise of 0.10% on a MoM basis in October, less than market expectations for a rise of 0.20%. Industrial production had registered a drop of 0.30% in the prior month.
Euro-zone economic sentiment index unexpectedly rose in December
In the Euro-zone, the economic sentiment index recorded an unexpected rise to a level of 11.20 in December, compared to a reading of -1.00 in the previous month. Market anticipation was for the index to ease to a level of -17.70.
German economic sentiment index rose in December
In Germany, the economic sentiment index climbed to a level of 10.70 in December, compared to a level of -2.10 in the prior month.
US small business optimism index advanced in November
NFIB Research Foundation has reported that the small business optimism index in the US rose to a level of 104.70 in November, higher than market expectations of a rise to a level of 102.80. In the previous month, the index had recorded to a level of 102.40.
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