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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales dropped more than anticipated in August
In the UK, retail sales fell 1.60% on a MoM basis in August, compared to a revised rise of 0.40% in the prior month. Markets were expecting retail sales to record a drop of 0.50%.
Euro-zone CPI advanced as expected in August
In the Euro-zone, the consumer price index (CPI) climbed 9.10% on a YoY basis in August, as per market expectations and compared to a rise of 8.90% in the previous month.
Euro-zone construction output advanced in July
In the Euro-zone, construction output rose 0.30% on a MoM basis in July, compared to a revised drop of 1.20% in the previous month.
US consumer sentiment index advanced less than expected in July
In the US, the Michigan consumer sentiment index rose to 59.50 in July, compared to a reading of 58.20 in the prior month. Market expectations were for the index to rise to 60.00.
US housing market index declined more than anticipated in September
In the US, the NAHB housing market index fell to 46.00 in September, compared to a reading of 49.00 in the prior month. Market anticipations were for the index to fall to a level of 48.00.
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