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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing posted a deficit in September
In the UK, the public sector net borrowing has posted a deficit of £8.73 billion in September, following a revised deficit of £4.92 billion in the prior month. Markets were anticipating public sector net borrowing to show a deficit of £8.70 billion.
UK balance of firms reporting total order book above normal unexpectedly fell in October
In the UK, the balance of firms reporting total order book above normal eased unexpectedly to a level of -37.00 in October. The balance of firms reporting total order book above normal had registered a reading of -28.00 in the prior month.
US existing home sales dropped in September
In the US, existing home sales dropped 2.20% to a level of 5.38 million, on a MoM basis in September, compared to a reading of 5.49 million in the prior month. Market anticipation was for existing home sales to drop to 5.45 million.
US Richmond Fed manufacturing index rose unexpectedly in October
In the US, the Richmond Fed manufacturing index registered an unexpected rise to a level of 8.00 in October. In the prior month, the Richmond Fed manufacturing index had registered a level of -9.00.
Canadian retail sales record unexpectedly dropped in August
In Canada, retail sales unexpectedly dropped 0.10% on a monthly basis in August. Retail sales had recorded a revised rise of 0.60% in the prior month.
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