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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK mortgage approvals fell less than expected in September
In the UK, the mortgage approvals dropped to 72.64 K in September, compared to revised level of 74.21 K in the prior month. Markets were expecting the mortgage approvals to fall to a level of 70.95 K.
Euro-zone CPI rose more than anticipated in October
In the Euro-zone, the CPI advanced 4.10% on a YoY basis in October, compared to a rise of 3.40% in the previous month. Markets were expecting the CPI to record a rise of 3.70%.
Euro-zone GDP advanced in 3Q 2021
In the Euro-zone, the GDP grew 2.20% on a QoQ basis in 3Q 2021, compared to a rise of 2.10% in the prior quarter. Markets were expecting the GDP to record a rise of 2.00%.
US consumer sentiment index dropped less than expected in October
In the US, the consumer sentiment index fell to 71.70 in October, compared to a level of 72.80 in the previous month. Markets were expecting the index to drop to 71.40.
US Chicago Purchasing Managers’ Index unexpectedly climbed in October
In the US, the purchasing managers index (PMI) climbed to 68.40 in October, compared to a level of 64.70 in the prior month. Markets were expecting the index to fall to a level of 63.50.
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