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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone economic sentiment index rose more than expected in October
In the Euro-zone, the ZEW Survey economic sentiment index rose to -59.70 in October, compared to a reading of -60.70 in the previous month. Markets were expecting the index to rise to -60.60.
German economic sentiment index unexpectedly advanced in October
In Germany, the ZEW Survey economic sentiment index unexpectedly rose to -59.20 in October, compared to a reading of -61.90 in the prior month. Markets were anticipating the index to fall to -65.70.
German current situation index dropped more than expected in October
In Germany, the ZEW Survey current situation index fell to -72.20 in October, compared to a reading of -60.50 in the previous month. Market expectations were for the index to fall to -68.00.
US NAHB housing market index fell more than anticipated in October
In the US, the NAHB housing market index fell to a level of 38.00 in October, compared to a reading of 46.00 in the prior month. Market anticipations were for the index to fall to 43.00.
US industrial production advanced more than expected in September
In the US, industrial production climbed 0.40% on a MoM basis in September, compared to a revised drop of 0.10% in the previous month. Markets were expecting industrial production to record a rise of 0.10%.
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