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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings including bonus advanced as expected in September
In the UK, average earnings including bonus climbed 6.00% in September, at par with the market expectations and compared to a revised rise of 6.10% in the prior month.
UK ILO unemployment rate rose more than anticipated in September
In the UK, the ILO unemployment rate rose to 3.60% in September, compared to 3.50% in the previous month. Markets were anticipating the unemployment rate to remain unchanged.
Euro-zone GDP advanced as expected in 3Q 2022
In the Euro-zone, GDP rose 0.20% on a QoQ basis in 3Q 2022, at par with market anticipation and compared to a similar growth in the prior quarter.
Euro-zone economic sentiment index unexpectedly advanced in November
In the Euro-zone, the ZEW economic sentiment index unexpectedly climbed to -38.70 in November, compared to a reading of -59.70 in the previous month. Market expectations were for the index to fall to -67.00.
US PPI climbed less than anticipated in October
In the US, the producer price index (PPI) climbed 8.00% on a YoY basis in October, compared to a revised rise of 8.40% in the prior month. Markets were expecting the PPI to rise 8.30%.
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