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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales surprisingly advanced in August
In the UK, retail sales registered an unexpected rise of 0.30% on a monthly basis, in August, compared to a revised advance of 0.90% in the prior month. Market anticipation was for retail sales to drop 0.20%.
Euro-zone consumer confidence index slid in September
In the Euro-zone, the preliminary consumer confidence index fell to a level of -2.90 in September, compared to a level of -1.90 in the previous month. Markets were anticipating the index to ease to a reading of -2.00.
US existing home sales remained steady in August
Existing home sales in the US remained steady to a level of 5.34 million on MoM basis, in August. Markets were anticipating existing home sales to rise to a level of 5.36 million.
US initial jobless claims surprisingly dropped in the last week
In the US, the seasonally adjusted initial jobless claims unexpectedly dropped to a level of 201.00 K in the week ended 15 September 2018, lower than market expectations of an advance to a level of 210.00 K. In the previous week, initial jobless claims had recorded a reading of 204.00 K.
US Philadelphia Fed manufacturing index climbed in September
The US Philadelphia Fed manufacturing index advanced to a level of 22.90 in September, compared to market expectations of a rise to a reading of 18.00. The index had registered a level of 11.90 in the previous month.
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