• Economic confidence 93.8 vs 93.7 expected
• Prior 93.3; revised to 93.5
• Industrial confidence -9.5 vs -8.9 expected
• Prior -9.3; revised to -9.2
• Services confidence 4.9 vs 4.3 expected
• Prior 4.5; revised to 4.6

Euro area economic sentiment picks up in November, with an improvement to services sector conditions offsetting the decline in manufacturing. The latter is still very much in recession territory but so far the good news is that the overall economy is holding up better than expected when compared to the outlook during the summer this year.

This article was written by Justin Low at www.forexlive.com.

• Prior 43.33k; revised to 43.68k
• Net consumer credit £1.3 billion vs £1.5 billion expected
• Prior £1.4 billion

Gross lending fell to £16.2 billion in October, down from £18.1 billion in September as individuals repaid, on net, £0.1 billion of mortgage debt on the month – as opposed to £1.0 billion of net repayments in the month before. Meanwhile, the annual growth for consumer credit is seen increasing further to 8.1% – the highest since October 2018.

This article was written by Justin Low at www.forexlive.com.