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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing posted a deficit in August
In the UK, public sector net borrowing posted a deficit of £10.76 billion in August, compared to a surplus of £1.20 billion in the previous month. Markets were expecting public sector net borrowing deficit of £9.80 billion.
UK GfK consumer confidence index unexpectedly rose in September
In the UK, the GfK consumer confidence index unexpectedly advanced to -21.00 in September, compared to a level of -25.00 in the previous month.
BoE kept its key interest rate unchanged
The Bank of England (BoE), in its September monetary policy meeting, kept its benchmark rate unchanged at 5.25%, for the first time since November 2021. However, the central bank indicated that rates would remain higher for longer to combat inflation.
Euro-zone consumer confidence index dropped more than anticipated in September
In the Euro-zone, the consumer confidence index fell to -17.80 in September, compared to a level of -16.00 in the prior month. Markets were expecting the index to drop to -16.50.
US initial jobless claims unexpectedly fell in the week ended 15 September 2023
In the US, initial jobless claims unexpectedly declined to a level of 201.00K in the week ended 15 September 2023, compared to a revised level of 221.00K in the previous week.
US Philadelphia Fed manufacturing index declined more than anticipated in September
In the US, the Philadelphia Fed manufacturing index fell to -13.50 in September, compared to a level of 12.00 in the previous month. Markets were expecting the index to drop to -0.70.
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