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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index rose as anticipated in November
In the Euro-zone, the consumer confidence index advanced to -16.90 in November, at par with market expectations and compared to a level of -17.90 in the previous month.
Euro-zone economic sentiment index climbed more than expected in November
In the Euro-zone, the economic sentiment index rose to 93.80 in November, compared to a revised level of 93.50 in previous month. Markets expecting the index to rise to 93.70.
German CPI rose less than expected in November
In Germany, the CPI advanced 3.20% on a YoY basis in November, compared to a rise of 3.80% in the previous month. Markets were expecting to rise 3.50%
US annualised GDP grew more than forecasted in 3Q23
In the US, annualised GDP rose 5.20% in 3Q23, compared to a rise of 4.90% in the previous quarter. Markets were expecting GDP to rise 5.00%.
Beige Book: US economy slows in early October
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economic activity slowed from early October through the middle of November, amid decline in consumer spending. Meanwhile, the Beige Book indicated that businesses across all regions were having to deal with persistent worker shortages and tight labour market conditions across various skill levels and occupations.
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