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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer credit advanced more than expected in August
In the UK, net consumer credit climbed by £0.40 billion in August, compared to a revised level of £0.03 billion in the prior month. Markets were expecting net consumer credit to rise by £0.30 billion.
UK mortgage approvals dropped less than expected in August
In the UK, mortgage approvals fell to a reading of 74.45 K in August, compared to a revised level of 75.13 K in the prior month. Markets were expecting mortgage approvals to drop to a level of 73.00 K.
Euro-zone consumer confidence index advanced as anticipated in September
In the Euro-zone, the consumer confidence index rose to a reading of -4.00 in September, in line with market expectations and compared to a revised level of -5.30 in the previous month.
Euro-zone economic sentiment index unexpectedly rose in September
In the Euro-zone, the economic sentiment index unexpectedly advanced to 117.80 in September, compared to a revised reading of 117.60 in the prior month. Markets were expecting the index to drop to 116.90.
US pending home sales climbed in August
In the US, pending home sales rose 8.10% on a MoM basis in August, compared to a revised drop of 2.00% in the previous month. Markets were expecting pending home sales to record an advance of 1.40%.
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