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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI climbed less than anticipated in September
In the UK, the consumer price index (CPI) rose 1.70% on a YoY basis in September, less than market expectations for an advance of 1.80%. The CPI had registered a similar rise in the previous month.
Euro-zone CPI rose less than expected in September
In the Euro-zone, the final CPI climbed 0.80% on a YoY basis in September, compared to a rise of 1.00% in the previous month. Markets were anticipating the CPI to advance 0.90%.
Euro-zone trade surplus widened in August
In the Euro-zone, the seasonally adjusted trade surplus widened to €20.30 billion in August, compared to a revised trade surplus of €17.50 billion in the previous month. Market expectation was for the region’s a trade surplus to rise to €18.90 billion.
US advance retail sales slid in September
In the US, advance retail sales dropped 0.30% on a MoM basis in September, compared to a revised rise of 0.60% in the prior month.
Fed’s Beige Book: US economy growing at a ‘slight to modest pace’
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economy grew at a slight to modest pace since September, despite mounting trade tensions and weaker global economic growth. Meanwhile, it indicated that businesses across all regions were having to deal with persistent worker shortages and tight labor market conditions across various skill levels and occupations.
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