Guardian Stockbrokers Key Economic News Monday 28 November 2022

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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German GDP rose more than expected in 3Q 2022

In Germany, the GDP rose 0.40% on a Q0Q basis in 3Q 2022, compared to a rise of 0.10% in the prior month. Markets were expecting the GDP to rise 0.30%.

German GfK consumer confidence survey index advanced less than anticipated in December

In Germany, the GfK consumer confidence survey index rose to -40.20 in December, compared to a reading of -41.90 in the previous month. Markets were anticipating the index to rise to -39.60.

Australia retail sales unexpectedly fell in October

In Australia, retail sales unexpectedly fell to 0.20% in October, compared to a rise of 0.60% in the prior month. Market expectations were for retail sales to rise 0.40%.

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