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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors surprisingly dropped in September
In the UK, retail sales across all sectors registered an unexpected drop of 0.20% on a YoY basis, in September, less than market expectations for a rise of 0.10%. In the prior month, retail sales across all sectors had advanced 0.20%.
Euro-zone investor confidence index fell in October
The Euro-zone investor confidence index eased to a level of 11.40 in October, lower than market expectations of a drop to a reading of 11.60. The index had recorded a reading of 12.00 in the previous month.
German industrial production unexpectedly dropped in August
In Germany, the seasonally adjusted industrial production recorded an unexpected drop of 0.30% on a MoM basis, in August, compared to a drop of 1.10% in the prior month. Markets were expecting industrial production to advance 0.30%.
Swiss unemployment rate fell in September
In Switzerland, the seasonally adjusted unemployment rate fell to a level of 2.50% in September, compared to a reading of 2.60% in the previous month. Market anticipation was for unemployment rate to fall to 2.50%.
Japanese trade deficit expanded in August
Japan has posted a trade deficit of ¥219.30 billion on a BOP basis, in August, following a deficit of ¥1.00 billion in the prior month. Markets were anticipating a deficit of ¥208.00 billion.
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