Thursday brings the latest Purchasing Managers Indices from across Europe, so keep watching this Economic Calendar to find out more. I’m Imogen Comrie
The preliminary October PMIs will be available first thing in the morning, starting with the French release at 7 AM. The German Index follows half an hour later, and the Euro Zone preliminary PMI brings it all together at 8. Both the service and manufacturing indices declined in September, albeit they still remained in the positive territory.
Two news releases regarding the UK economy in September will be published at half past eight, including the closely watched Retail Sales. Retail sales went up in August ahead of an upcoming ban on high-wattage household appliances.
Mortgage approvals surprised on the downside in August as they fell from 42.7 thousand a month ago.
The high importance weekly update on US Jobless Claims is up next at 12:30 PM GMT. Initial claims dropped by remarkable 23 thousand during the week ending October 11, which was much better than expected, and they now stand at their lowest level in more than 14 years. On the other hand, the continuing claims went up by 7 thousand during the week ending October 4.
US House Price Index for August follows at 1 o’clock. The Index continued to rise in July, following a point 1% gain the previous month.
US Preliminary Manufacturing PMI for October will be available at 1:45. The Index eased in September from the 4-year high it reached in August, but it still remains well in the positive territory.
Euro Zone Preliminary Consumer Confidence for October is out at 2 o’clock. Consumer confidence continued to deteriorate in September, reaching its lowest level in six months.
US Leading Index for September will be published at the same time. The Index continued to increase in August, but at a slower pace than the 1.1% gain in July.
And New Zealand Trade Balance for September comes at 21:45. Trade deficit narrowed in August as exports saw a strong rise and imports moved lower.
You’ve been watching the Economic Calendar for Thursday, the 23rd of October. We’ll be returning with the next rundown of key events for Friday. Goodbye.

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