Guardian Stockbrokers Key Economic News Thursday 8 November 2018

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

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UK Halifax house price index advanced less than expected in October

In the UK, the Halifax house price index rose 0.70%, on a MoM basis, in October, lower than market expectations for a rise of 0.80%. In the previous month, the index had dropped by a revised 1.30%.

Euro-zone retail sales remained steady in September

The seasonally adjusted retail sales in the Euro-zone remained steady on a monthly basis, in September, compared to a drop of 0.20% in the previous month. Markets were expecting retail sales to climb 0.10%.

German industrial production surprisingly advanced in September

The seasonally adjusted industrial production in Germany registered an unexpected rise of 0.20% on a MoM basis, in September, compared to a drop of 0.30% in the prior month. Market anticipation was for industrial production to remain unchanged.

US consumer credit rose less than expected in September

In the US, consumer credit registered a rise of $10.92 billion in September, compared to a revised advance of $22.88 billion in the previous month. Markets were expecting consumer credit to climb $15.00 billion.

US mortgage applications eased in the last week

On a weekly basis, the US mortgage applications recorded a drop of 4.00% in the week ended 02 November 2018. Mortgage applications had fallen 2.50% in the previous week.

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