The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose in 3Q 2019
In the UK, the final gross domestic product (GDP) climbed 0.40% on a QoQ basis in 3Q 2019. In the prior quarter, GDP had recorded a drop of 0.20%.
Euro-zone current account surplus expanded in October
The Euro-zone has posted the seasonally adjusted current account surplus of €32.40 billion in October, from a current account surplus of €28.00 billion in the prior month. Markets were anticipating the region to register a current account surplus of €25.50 billion.
Euro-zone consumer confidence index surprisingly dropped in December
In the Euro-zone, the preliminary consumer confidence index unexpectedly dropped to a level of -8.10 in December. In the prior month, the index had recorded to a level of -7.20.
US annualised GDP climbed in 3Q 2019
In the US, the final annualised gross domestic product (GDP) recorded a rise of 2.10% on a QoQ basis in 3Q 2019. In the previous quarter, the annualised GDP had risen 2.00%.
US consumer sentiment index advanced in December
In the US, the final Reuters/Michigan consumer sentiment index recorded a rise to a level of 99.30 in December, higher than market expectations of an advance to a level of 99.20. In the prior month, the index had registered to a reading of 96.80.
US Kansas City Fed manufacturing activity index dropped in December
In the US, the Kansas City Fed manufacturing activity index recorded a drop to a level of -8.00 in December. In the previous month, the index had registered to a level of -3.00.
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