Guardian Stockbrokers Key Economic News Thursday 15 October 2020

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

Euro-zone industrial production rose less than expected in August

In the Euro-zone, the seasonally adjusted industrial production rose 0.70% on a MoM basis in August, compared to a revised advance of 5.00% in the previous month. Market expectations were for industrial production to advance 0.80%.

US number of mortgage applications dropped in the week ended 9 October 2020

In the US, the number of mortgage applications registered a drop of 0.70% on a weekly basis in the week ended 9 October 2020, compared to a rise of 4.60% in the previous week.

US PPI climbed more than expected in September

In the US, the PPI recorded a rise of 0.40% on a YoY basis in September, compared to a fall of 0.20% in the prior month. Markets were expecting the PPI to climb 0.20%.

Australian unemployment rate advanced in September

In Australia, seasonally adjusted unemployment rate advanced to 6.90% in September, compared to a rate of 6.80% in the prior month. Markets were expecting the unemployment rate to record a rate of 7.10%.

Chinese CPI rose more than expected in September

In China, the consumer price index (CPI) advanced 1.70% on a YoY basis in September, compared to a rise of 2.40% in the previous month. Markets were expecting the CPI to record an advance of 1.80%.

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