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

UK retail sales dropped more than expected in September
In the UK, retail sales fell 1.40% on a MoM basis in September, compared to a revised fall 1.70% in the prior month. Markets were anticipating retail sales to record a fall of 0.50%.
UK public sector net borrowing deficit widened less than expected in September
In the UK, public sector net borrowing deficit widened to £19.25 billion in September, compared to a revised deficit of £8.58 billion in the previous month. Market expectations were for deficit to widen to £19.33 billion.
Euro-zone consumer confidence index unexpectedly rose in October
In the Euro-zone, the consumer confidence index rose to a reading of -27.60 in October, compared to a reading of -28.80 in the prior month. Markets were expecting the index to fall to a level of -30.00.
US monthly budget deficit widened in September
In the US, monthly budget deficit widened to $430.00 billion in September, compared to a deficit of $220.00 billion in the previous month.
China GDP advanced more than anticipated in 3Q 2022
In China, gross domestic product (GDP) climbed 3.90% in 3Q 2022, compared to a drop of 2.60% in the prior quarter. Market anticipations were for the GDP to record a rise of 3.50%.
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