The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales declined more than expected in September
On a monthly basis, retail sales in the UK registered a drop of 0.80% in September, compared to a revised rise of 0.40% in the prior month. Markets were expecting retail sales to drop 0.40%.
US Philadelphia Fed manufacturing index dropped in October
In the US, Philadelphia Fed manufacturing index dropped to a level of 22.20 in October, compared to a reading of 22.90 in the previous month. Market expectation was for the index to drop to a reading of 20.00.
US initial jobless claims fell in the last week
The US seasonally adjusted initial jobless claims eased to a level of 210.00 K in the week ended 13 October 2018, lower than market expectations of a fall to a level of 211.00 K. Initial jobless claims had recorded a revised reading of 215.00 K in the previous week.
US leading indicator advanced as expected in September
Leading indicator in the US recorded a rise of 0.50% on a monthly basis, in September, compared to an advance of 0.40% in the previous month. Markets were anticipating leading indicator to rise 0.50%.
Japanese national CPI rose less than expected in September
In Japan, the national consumer price index (CPI) registered a rise of 1.20% in September on an annual basis, less than market expectations for an advance of 1.30%. The national CPI had registered a rise of 1.30% in the previous month.
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