The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price index advanced more than expected in August
In the UK, the house price index rose 0.70% on a MoM basis in August, compared to a rise of 0.40% in the prior month. Markets were expecting the index to record an advance of 0.4%.
Euro-zone GDP unexpectedly rose in 2Q 2021
In the Euro-zone, the seasonally adjusted GDP advanced 2.20% on a QoQ basis in 2Q 2021, compared to a drop of 0.30% in the previous quarter. Markets were expecting the GDP to record a drop of 0.60%.
Euro-zone economic sentiment index unexpectedly dropped in September
In the Euro-zone, the economic sentiment index fell to a level of 31.10 in September, compared to a reading of 42.70 in the prior month. Markets were expecting the index to advance to 52.2.
German industrial production climbed more than expected in July
In Germany, the seasonally adjusted industrial production rose 1.00% on a MoM basis in July, compared to a revised drop of 1.00% in the previous month. Markets were expecting industrial production to record an advance of 0.70%.
German economic sentiment index fell more than market forecast in September
In Germany, the economic sentiment index dropped to a reading of 26.50 in September, compared to a level of 40.40 in the prior month. Markets were expecting the index to drop to 30.00.
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