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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index declined in January
The BRC shop price index in the UK fell 1.80% on a MoM basis, in January. The BRC shop price index had registered a decline of 2.00% in the previous month.
UK construction PMI declined more than expected in January
The construction PMI fell to 55.00 in January in the UK, compared to market expectations of a decline to a level of 57.50. The construction PMI had recorded a revised reading of 57.80 in the prior month.
Euro-zone unemployment rate unexpectedly fell in December
In December, the unemployment rate slid unexpectedly to 10.40% in the Euro-zone, compared to a revised level of 10.50% in the previous month. Markets were anticipating the unemployment rate to remain flat at 10.50%.
Euro-zone PPI declined more than forecast in December
The producer price index (PPI) in the Euro-zone fell 0.80% in December on a monthly basis, higher than market expectations for a fall of 0.60%. The PPI had registered a revised decline of 0.20% in the prior month.
German unemployment rate surprisingly fell in January
The seasonally adjusted unemployment rate unexpectedly declined to a level of 6.20% in January in Germany. In the prior month, unemployment rate had recorded a revised level of 6.30%.
German number of unemployed people fell unexpectedly in January
The number of people unemployed recorded an unexpected drop of 20.00 K in January in Germany, compared to a revised decline of 16.00 K in the prior month. Market expectation was for the number of people unemployed to fell 8.00 K.
Swiss real retail sales fell in December
The real retail sales dropped 1.60% on a MoM basis, in December, in Switzerland. In the prior month, real retail sales had registered a revised drop of 1.70%.
US Redbook index rose in the last week
The Redbook index rose 0.80% on an annual basis in the US, in the week ended 29 January 2016. The Redbook index had registered a revised rise 1.00% in the previous week.
US Redbook index fell in the last week
In the week ended 29 January 2016, on a MoM basis, the seasonally adjusted Redbook index in the US recorded a fall of 1.50%. The Redbook index had registered a revised decline of 1.40% in the previous week.
US ISM New York fell more than anticipated in January
In January, the New York City current business condition index in the US registered a drop to 54.60. The New York City current business condition index had registered a revised reading of 62.00 in the previous month.
US IBD/TIPP Economic Optimism rose more than expected in February
The economic optimism index registered a higher than expected rise to a level of 47.80 in February in the US, compared to market expectations of a rise to a level of 47.60. In the prior month, the economic optimism index had registered a revised reading of 47.30.
Japanese Nikkei PMI Composite rose in January
In January, composite PMI recorded a rise to 52.60 in Japan. In the prior month, composite PMI had recorded a revised reading of 52.20.
Chinese Caixin/Markit Services PMI advanced in January
In January, the Caixin/Markit services PMI index in China advanced to 52.40. The Caixin/Markit services PMI index had registered a revised level of 50.20 in the prior month.
Chinese Caixin Composite PMI rose in January
Caixin composite PMI registered a rise to 50.10 in China, in January, compared to a revised reading of 49.40 in the prior month.
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