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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone current account surplus widened in August
In the Euro-zone, seasonally adjusted current account surplus widened to €19.94 billion in August, compared to a surplus of €16.95 billion in the prior month.
German PPI fell less than expected in September
In Germany, the PPI dropped 1.00% on a YoY basis in September, compared to a drop of 1.2% in the previous month. Markets were expecting the PPI to record a fall of 1.40%.
US building permits advanced more than anticipated in September
In the US, building permits advanced 5.20% on a MoM basis in September, compared to a revised drop of 0.50% in the prior month.
US housing starts rose less than expected in September
In the US, housing starts recorded a rise of 1.90% on a MoM basis in September, compared to a revised drop of 6.70% in the prior month.
Australian Westpac leading index advanced in September
In Australia, the Westpac leading index climbed 0.22% on a MoM basis in September, compared to a rise of 0.48% in the prior month.
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