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    20.10.2015 16:00 European stocks close: stocks closed lower as concerns over the slowdown in the Chinese economy still weighed

    Stock indices closed lower as concerns over the slowdown in the Chinese economy still weighed. The National Bureau of Statistics said on Monday that China's economy expanded 6.9% in the third quarter, beating expectations for a 6.8% gain, after a 7.0% in the second quarter. It was the weakest growth since 2009.

    Meanwhile, the economic data from the Eurozone was negative. The European Central Bank (ECB) released its current account on Tuesday. Eurozone's current account surplus fell to a seasonally adjusted €17.7 billion in August from €25.6 billion in July. July's figure was revised up from a surplus of €22.6 billion.

    The trade surplus declined to €21.2 billion in August from €28.2 billion in July.

    The surplus on services rose to €4.3 billion in August from €3.8 billion in July.

    The secondary income deficit increased by €11.6 billion in August, while the primary income surplus decreased by €3.8 billion.

    Eurozone's unadjusted current account surplus dropped to €13.7 billion in August from EUR 37.9 billion in July. July's figure was revised up from a surplus of €33.8 billion.

    Destatis released its producer price index (PPI) for Germany on Tuesday. German PPI producer prices declined 0.4% in September, missing expectations for a 0.1% fall, after a 0.5% drop in August.

    On a yearly basis, German PPI dropped 2.1% in September, missing expectations for a 1.8% decrease, after a 1.7% fall in August.

    PPI excluding energy sector fell by 0.6% year-on-year in September.

    Indexes on the close:

    Name Price Change Change %

    FTSE 100 6,345.13 -7.20 -0.11 %

    DAX 10,147.68 -16.63 -0.16 %

    CAC 40 4,673.81 -30.26 -0.64 %


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