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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings advanced more than anticipated in July
In the UK, average earnings including bonus climbed 5.50% in three months to July, compared to a revised rise of 5.20% in the prior month. Markets were expecting average earnings to record a rise of 5.20%.
UK unemployment rate unexpectedly dropped in July
In the UK, the ILO unemployment rate unexpectedly fell to 3.60% in three months to July, compared to 3.80% in the previous month. Markets were expecting the unemployment rate to remain unchanged.
Euro-zone economic sentiment index unexpectedly declined in September
In the Euro-zone, the ZEW Survey economic sentiment index unexpectedly fell to -60.70 in September, compared to a reading of -54.90 in the prior month. Market anticipations were for the index to rise to -52.00.
German CPI advanced as expected in August
In Germany, the CPI rose 7.90% on a YoY basis in August, at par with market expectations and compared to a rise of 7.50% in the prior month.
German economic sentiment index dropped more than expected in September
In Germany, the ZEW economic sentiment index eased to -61.90 in September, compared to a level of -55.30 in the prior month. Markets were expecting the index to drop to -60.00.
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