The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net consumer credit rose less than expected in August
In the UK, net consumer credit rose by £0.30 billion in August, compared to a revised rise of £1.05 billion in the previous month. Markets were expecting net consumer credit to record an advance of £1.45 billion.
UK number of mortgage approvals for house purchases climbed in August
In the UK, number of mortgage approvals for house purchases registered a rise to 84.70 K in August, compared to a level of 66.30 K in the previous month. Markets were expecting the number of mortgage approvals for house purchases to record a rise to 71.00 K.
Euro-zone consumer confidence index advanced in September
In the Euro-zone, the final consumer confidence index registered a rise to a reading of -13.90 in September, compared to a level of -14.70 in the prior month. Market anticipations were for the consumer confidence index to advance to a level of -13.90.
German CPI fell more than expected in September
In Germany, the flash consumer price index (CPI) registered a drop of 0.20% on a YoY basis in September, compared to a flat reading in the prior month. Markets were expecting the CPI to record a drop of 0.10%.
US consumer confidence index advanced in September
In the US, the consumer confidence index registered a jump to 101.80 in September, compared to a revised level of 86.30 in the previous month. Markets were expecting the consumer confidence index to record a rise to a level of 89.50.
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