The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German GDP rose more than expected in 3Q 2020
In Germany, final GDP rose 8.50% on a QoQ basis in 3Q 2020, compared to a fall of 9.80% in the previous quarter. Markets were anticipating GDP to advance 8.20%.
German business climate index dropped as expected in November
In Germany, the business climate index recorded a drop to a level of 90.70 in November, in line with market forecast and compared to a revised reading of 92.50 in the previous month.
German business expectations index dropped more than anticipated in November
In Germany, the business expectations index dropped to a reading of 91.50 in November, compared to a revised reading of 94.70 in the prior month. Markets were expecting the business expectations index to fall to a level of 93.50.
German current assessment index fell less than expected in November
In Germany, the current assessment index declined to a reading of 90.00 in November, compared to a revised level of 90.40 in the prior month. Markets were expecting the current assessment index to drop to 87.20.
US consumer confidence index dropped in November
In the US, the consumer confidence index eased to a reading of 96.10 in November, compared to a revised level of 101.40 in the previous month. Markets were expecting the index to ease to a level of 98.00.
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