Guardian Stockbrokers Key Economic News Monday 16 October 2023

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

UK Rightmove house price index advanced in October

In the UK, the Rightmove house price index rose 0.50% on a MoM basis in October, compared to a rise of 0.40% in the prior month.

Euro-zone industrial production rose more than expected in August

In Euro-zone, industrial production rose 0.60% on a MoM basis in August, compared to a drop of 1.10% in the prior month. Markets were expecting production to rise 0.10%.

US Michigan consumer sentiment index dropped more than anticipated in October

In the US, the Michigan consumer sentiment index fell to a level of 63.00 in October, compared to a level of 68.10 in the prior month. Markets were expecting the index to drop to 67.40.

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