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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose as expected in 2Q 2018
In the UK, the final gross domestic product (GDP) rose 0.40% on a QoQ basis, in 2Q 2018, in line with market expectations. In the prior quarter, GDP had recorded a rise of 0.20%.
Euro-zone CPI advanced as expected in September
The final consumer price index (CPI) in the Euro-zone rose 2.10% on an annual basis, in September, compared to an advance of 2.00% in the prior month. Markets were anticipating CPI to advance 2.10%.
German unemployment rate surprisingly dropped in September
In Germany, the seasonally adjusted unemployment rate unexpectedly fell to 5.10% in September, compared to a level of 5.20% in the prior month. Market expectation was for unemployment rate to record a steady reading.
US Reuters/Michigan consumer sentiment index advanced in September
In the US, the final Reuters/Michigan consumer sentiment index recorded a rise to a level of 100.10 in September, lower than market expectations of an advance to a reading of 100.60. In the prior month, the index had registered a level of 96.20.
US Chicago Fed purchasing managers index slid in September
In the US, the Chicago Fed purchasing managers index fell to a level of 60.40 in September, compared to market expectations of a drop to a level of 62.00. The index had recorded a level of 63.60 in the previous month.
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