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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate unexpectedly remained steady in September
In the UK, the ILO unemployment rate unexpectedly remained steady at 4.20% in the three months to September.
Euro-zone GDP fell as expected in 3Q23
In the Euro-zone, GDP declined 0.10% on a QoQ basis in 3Q23, at par with market expectations and compared to a rise of 0.20% in the previous quarter.
Euro-zone ZEW economic sentiment index climbed more than estimated in November
In the Euro-zone, the ZEW economic sentiment index advanced to 13.80 in November, compared to a level of 2.30 in the previous month. Markets were expecting the index to rise to 6.10.
German ZEW current situation index rose less than anticipated in November
In Germany, the ZEW current situation index advanced to -79.80 in November, compared to a level of -79.90 in the previous month. Markets were expecting the index to rise to -76.70.
German ZEW economic sentiment index advanced more than forecasted in November
In Germany, the ZEW economic sentiment index climbed to 9.80 in November, compared to a level of -1.10 in the previous month. Markets were expecting the index to rise to 5.00.
US CPI rose less than expected in October
In the US, the CPI advanced 3.20% on a YoY basis in October, compared to a rise of 3.70% in the previous month. Markets were expecting the index to rise 3.30%.
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