The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK consumer credit rose less than expected in September
In the UK, consumer credit rose by £0.75 billion in September, compared to a revised rise of £1.22 billion in the prior month. Markets were expecting consumer credit to rise by £0.98 billion.
Euro-zone GDP rose as anticipated in 3Q 2022
In the Euro-zone, GDP rose 0.20% on a QoQ basis in 3Q 2022, at par with market and compared to a rise of 0.80% in the previous quarter.
Euro-zone CPI advanced more than expected in October
In the Euro-zone, the CPI climbed 10.70% on a YoY basis in October, compared to a rise of 9.90% in the prior month. Market expectations were for the CPI to record an advance of 10.20%.
Germany retail sales unexpectedly advanced in September
In Germany, retail sales unexpectedly rose 0.90% on a MoM basis in September, compared to a revised drop of 1.40% in the previous month. Market anticipations were for retail sales to record a fall of 0.30%.
US Chicago Purchasing Managers’ Index unexpectedly declined in October
In the US, the Chicago Purchasing Managers’ Index unexpectedly dropped to 45.20 in October, compared to a reading of 45.70 in the prior month. Markets were anticipating the index to rise to 47.00.
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