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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales climbed more than expected in August
In the UK, retail sales rose 0.80% on a MoM basis in August, compared to by a revised rise of 3.70% in the prior month. Markets were expecting retail sales to record a rise of 0.70%.
Euro-zone current account surplus narrowed less than expected in July
In the Euro-zone, the seasonally adjusted current account surplus narrowed to €16.60 billion in July, compared to a current account surplus of €20.70 billion in the previous month.
US consumer sentiment index rose in September
In the US, the flash consumer sentiment index climbed to a level of 78.90 in September, compared to a reading of 74.10 in the prior month. Market anticipations were for the consumer sentiment index to advance to a level of 75.00.
US leading indicator rose less than expected in August
In the US, leading indicator registered a rise of 1.20% on a MoM basis in August, compared to a revised rise of 2.00% in the prior month. Markets were expecting leading indicator to record a rise of 1.30%.
US current account deficit widened more than anticipated in 2Q 2020
In the US, current account deficit widened to $170.50 billion in 2Q 2020, compared to a revised current account deficit of $111.50 billion in the prior quarter. Markets were expecting the nation to post a current account deficit of $157.90 billion.
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