Guardian Stockbrokers Key Economic News Tuesday 5 December 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 expected in November

In the UK, the BRC like-for-like retail sales advanced 2.60% in November, compared to a similar reading in the previous month. Markets were expecting retail sales to rise 2.50%.

Euro-zone Sentix investor confidence rose less than forecasted in December

In the Euro-zone, the Sentix investor confidence advanced to -16.80 in December, compared to a level of -18.60 in the previous month. Markets were expecting the Sentix investor confidence to rise to -15.00.

German trade surplus widened more than anticipated in October

In Germany, trade surplus widened to €17.80 billion in October, compared to a revised surplus of €16.70 billion in the prior month. Markets were expecting the trade surplus to widen to €17.10 billion.

US factory orders dropped more than estimated in October

In the US, factory orders fell 3.60% on a MoM basis in October, compared to a revised rise of 2.30% in the previous month. Markets were expecting factory orders to drop 2.80%.

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