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Guardian Stockbrokers Key Economic News Friday 25 August 2023

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

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UK GfK consumer confidence index rose more than anticipated in August

In the UK, the GfK consumer confidence index advanced to -25.00 in August, compared to a level of -30.00 in the previous month. Markets were expecting the consumer confidence to rise to -29.00.

US Chicago Fed National Activity Index rose in July

In the US, the Chicago Fed National Activity Index advanced to 0.12 in July, compared to a revised level of -0.33 in the previous month.

US durable goods orders dropped more than anticipated in July

In the US, durable goods orders declined 5.20% in July, compared to a revised rise of 4.40% in the prior month. Markets were expecting durable goods orders to fall 4.00%.

US initial jobless claims unexpectedly fell in the week ended 18 August 2023

In the US, initial jobless claims unexpectedly dropped to 230.00 K in the week ended 18 August 2023, compared to a level of 240.00 K in the prior week.

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