China PPI and CPI Beat Forecasts, UK Reports Economic Indicators, Hong Kong Lowers Growth Forecast

China's Producer Price Index (PPI) for October showed a decrease of 2.6% year-on-year, beating the forecast of -2.8% and the previous figure of -2.5%. The Consumer Price Index (CPI) for the same period revealed a decrease of 0.2% year-on-year, surpassing the forecast of -0.1% and the previous figure of 0.0%. In the United Kingdom, various economic indicators were reported, including a 0.4% increase in construction output month-on-month, a -4.2% decline in business investment quarter-on-quarter, and a 0.0% change in GDP quarter-on-quarter. Additionally, the trade balance for September showed a decrease of -14.29 billion pounds, while the industrial production for the same period remained unchanged at 0.0%. Hong Kong's Q3 GDP expanded by 4.1% year-on-year, but the growth forecast was revised lower. The city also lowered its economic growth forecast for the year, indicating ongoing challenges in its post-pandemic recovery.