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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail sales dropped more than expected in October
In the Euro-zone, the seasonally adjusted retail sales dropped 0.60% on a MoM basis in October, compared to a revised decline of 0.20% in the prior month. Market expectation was for retail sales to fall 0.30%.
Euro-zone GDP rose as expected in 3Q 2019
In the Euro-zone, the seasonally adjusted final gross domestic product (GDP) rose 0.20% on QoQ basis in 3Q 2019, in line with market expectations. In the previous quarter, GDP had registered a similar rise.
German factory orders unexpectedly eased in October
In Germany, the seasonally adjusted factory orders registered an unexpected drop of 0.40% on MoM basis in October, compared to an advance of 1.30% in the previous month. Market expectation was for factory orders to climb 0.30%.
US trade deficit narrowed in October
In the US, trade deficit narrowed to $47.20 billion in October, from a revised trade deficit of $51.10 billion in the previous month. Market anticipation was for the country’s trade deficit to widen to $51.50 billion.
US initial jobless claims slid in the last week
In the US, the seasonally adjusted initial jobless claims fell to a level of 203.00 K in the week ended 30 November 2019, compared to a level of 213.00 K in the previous week.
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