Guardian Stockbrokers Key Economic News Thursday 31 August 2023

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

Euro-zone consumer confidence index fell as anticipated in August

In the Euro-zone, the consumer confidence index declined to -16.00 in August, at par with market expectations and compared to a level of -15.10 in the prior month.

Euro-zone economic sentiment index declined more than expected in August

In the Euro-zone, the economic sentiment index fell to 93.30 in August, compared to a level of 94.50 in the prior month. Markets were expecting the index to drop to 93.70.

German CPI rose more than expected in August

In Germany, the CPI advanced 6.10% on a YoY basis in August, compared to a rise of 6.20% in the previous month. Markets were expecting the index to rise 6.00%.

US private employment advanced by less than anticipated in August

In the US, private sector employment rose by 177.00K in August, compared to a revised level of 371.00K jobs in the previous month. Markets were expecting employment to rise by 195.00K.

US annualised GDP rose less than expected in 2Q23

In the US, the annualised GDP advanced 2.10% in 2Q23, compared to a rise of 2.00% in the prior quarter. Markets were expecting the GDP to rise 2.40%.

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