Guardian Stockbrokers Key Economic News Thursday 8 November 2018

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.


UK Halifax house price index advanced less than expected in October

In the UK, the Halifax house price index rose 0.70%, on a MoM basis, in October, lower than market expectations for a rise of 0.80%. In the previous month, the index had dropped by a revised 1.30%.

Euro-zone retail sales remained steady in September

The seasonally adjusted retail sales in the Euro-zone remained steady on a monthly basis, in September, compared to a drop of 0.20% in the previous month. Markets were expecting retail sales to climb 0.10%.

German industrial production surprisingly advanced in September

The seasonally adjusted industrial production in Germany registered an unexpected rise of 0.20% on a MoM basis, in September, compared to a drop of 0.30% in the prior month. Market anticipation was for industrial production to remain unchanged.

US consumer credit rose less than expected in September

In the US, consumer credit registered a rise of $10.92 billion in September, compared to a revised advance of $22.88 billion in the previous month. Markets were expecting consumer credit to climb $15.00 billion.

US mortgage applications eased in the last week

On a weekly basis, the US mortgage applications recorded a drop of 4.00% in the week ended 02 November 2018. Mortgage applications had fallen 2.50% in the previous week.

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