Guardian Stockbrokers Key Economic News Thursday 20 October 2022

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

UK CPI advanced more than expected in September

In the UK, the consumer price index (CPI) climbed 10.10% on a YoY basis in September, compared to a rise of 9.90% in the prior month. Markets were expecting the CPI to record a rise of 10.00%.

UK DCLG house price index climbed more than anticipated in September

In the UK, the DCLG house price index rose 13.60% on a YoY basis in September, compared to a revised rise of 16.00% in the previous month. Market anticipations were for the index to record a rise of 13.10%.

Euro-zone CPI advanced less than expected in September

In the Euro-zone, the CPI climbed 9.90% on a YoY basis in September, compared to a rise of 9.10% in the prior month. Market expectations were for the HICP to record a rise of 10.00%.

Fed Beige Book: US economy grew “modestly” through early October

According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economy reported “moderate” growth through early October with slowing activity, raising concerns about a possible recession. Further, it indicated that outlooks grew more pessimistic amid mounting worries about declining demand.

US building permits rose in September

In the US, building permits rose 1.40% on a MoM basis in September, compared to a revised drop of 8.50% in the previous month.

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