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.


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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