German Factory Orders Grow Unexpectedly In September

Germany’s factory orders increased unexpectedly in September driven by foreign demand, while domestic orders remained weak. Factory orders grew 1 percent month-on-month in September, but slower than August’s revised 4.1 percent increase, data from Destatis revealed Monday. This was the second consecutive rise and came in contrast to the expected decrease of 1.1 percent.

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Bank Of England Lifts Key Rate For First Time In A Decade

The Bank of England raised its key rate for the first time in a decade despite Brexit hurting the economy, as inflation sticks to upward trend on a weaker pound. The Monetary Policy Committee, headed by Governor Mark Carney, decided to lift the benchmark rate by 25 basis points to 0.50 percent. This was the first rate hike since July 2007.

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Eurozone Q3 GDP Growth Exceeds Expectations

The euro area economy expanded at a faster than expected pace in the third quarter and the unemployment rate fell to a more than eight-year low level, while inflation slowed largely on energy prices, data published by Eurostat revealed Tuesday.Gross domestic product climbed 0.6 percent quarter-on-quarter, but the rate was slightly slower than the revised 0.7 percent expansion in the second quarter

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Eurozone Economic Sentiment Near 17-Year High

Eurozone economic confidence rose to the highest level in nearly 17 years in October despite political tensions, survey results from the European Commission showed Monday. The economic sentiment index improved more-than-expected to 114.0 in October from 113.1 in September. This was the highest since January 2001, when the reading was 144.4. The expected score was 113.3.

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U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

Consumer sentiment in the U.S. improved by slightly less than initially estimated in the month of October, the University of Michigan revealed in a report on Friday. The report said the consumer sentiment index for October was downwardly revised to 100.7 from 101.1.

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UK Logs Decade Low Budget Deficit For September

The UK budget posted the smallest budget deficit in a decade for the month of September, suggesting that the borrowing is on the course to undershoot the full-year target. Public sector net borrowing, excluding banks, decreased by GBP 0.7 billion from the previous year to GBP 5.9 billion in September, the Office for National Statistics said Friday.

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