Guardian Stockbrokers Key Economic News Tuesday 7 November 2023

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

UK BRC like-for-like retail sales rose more than anticipated in October

In the UK, the BRC like-for-like retail sales advanced 2.60% on YoY basis in October, compared to a rise of 2.80% in the previous month. Markets were expecting the BRC like-for-like retail sales to rise 2.40%.

Euro-zone HCOB services PMI dropped as expected in October

In the Euro-zone, the HCOB services PMI fell to 47.80 in October, at par with market expectations and compared to level of 48.70 in the previous month.

Euro-zone Sentix investor confidence index rose in November

In the Euro-zone, the Sentix investor confidence index advanced to -18.60 in November, compared to a level of -21.90 in the previous month.

German factory orders unexpectedly grew in September

In Germany, factory orders unexpectedly rose 0.20% on a MoM basis in September, compared to a rise of 3.90% in the previous month.

German HCOB services PMI fell less than anticipated in October

In Germany, the HCOB services PMI declined to 48.20 in October, compared to a level of 50.30 in the previous month. Markets were expecting the PMI to drop to 48.00.

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