The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK balance of firms reporting total order book above normal surprisingly dropped in October
The UK balance of firms reporting total order book above normal unexpectedly eased to a level of -6.00 in October, compared to market expectations of an advance to a reading of 2.00. The balance of firms reporting total order book above normal had registered a level of -1.00 in the previous month.
UK CBI trends selling prices unexpectedly declined in October
In the UK, CBI trends selling prices unexpectedly eased to a level of 10.00 in October, compared to a reading of 13.00 in the previous month. Market anticipation was for CBI trends selling prices to rise to a level of 15.00.
Euro-zone consumer confidence index surprisingly rose in October
In the Euro-zone, the preliminary consumer confidence index registered an unexpected rise to a level of -2.70 in October, higher than market expectations of a fall to a level of -3.20. In the previous month, the index had registered a level of -2.90.
German PPI rose more than expected in September
In Germany, the producer price index (PPI) registered a rise of 0.50% on a monthly basis in September, higher than market expectations for an advance of 0.30%. The PPI had risen 0.30% in the previous month.
US Richmond Fed manufacturing index declined in October
In the US, the Richmond Fed manufacturing index recorded a drop to a level of 15.00 in October, compared to a reading of 29.00 in the prior month. Markets were expecting the index to ease to 24.00.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.