Guardian Stockbrokers Key Economic News Friday 12 October 2021

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

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UK public sector net borrowing deficit widened less than expected in September

In the UK, public sector net borrowing deficit widened to £21.01 billion in September, compared to a deficit of £16.06 billion in the prior month. Markets were expecting public sector net borrowings to record a deficit of £27.15 billion.

UK consumer confidence index fell more than anticipated in October

In the UK, the consumer confidence index dropped to a level of -17.00 in October, compared to a reading of -13.00 in the previous month. Markets were expecting the index to fall to -16.00.

Euro-zone consumer confidence index dropped less than expected in October

In the Euro-zone, the consumer confidence index fell to a level of -4.80 in October, compared to a level of -4.00 in the previous month. Markets were expecting the index to fall to -5.00.

US existing home sales advanced in October

In the US, existing home sales rose 7.00% on a MoM basis in September, compared to a drop of 2.00% in the prior month.

US initial jobless claims unexpectedly fell in the week ended 15 October 2021

In the US, initial jobless claims unexpectedly dropped to a reading of 290.00 K in the week ended 15 October 2021, compared to a revised level of 296.00 K in the previous week. Markets were expecting initial jobless claims to rise to a level of 300.00 K.

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