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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI surprisingly advanced in December
The manufacturing PMI registered an unexpected rise to a level of 56.10 in the UK, in December, compared to market expectations of a fall to 53.30. In the previous month, the manufacturing PMI had recorded a revised level of 53.60.
German number of people unemployed dropped more than expected in December
In Germany, the number of people unemployed eased 17.00 K in December, compared to a revised drop of 6.00 K in the previous month. Market anticipation was for the number of people unemployed to drop 5.00 K.
German CPI advanced more than expected in December
In December, the flash consumer price index (CPI) climbed 0.70% in Germany on a MoM basis, compared to a rise of 0.10% in the prior month. Market expectation was for the CPI to climb 0.60%.
German HICP rose more than expected in December
In December, the flash harmonised consumer price index (HICP) registered a rise of 1.70% in Germany on a YoY basis, more than market expectations for an advance of 1.30%. The HICP had recorded a rise of 0.70% in the prior month.
German HICP advanced more than expected in December
In December, the preliminary HICP in Germany climbed 1.00% on a MoM basis, compared to a flat reading in the prior month. Market expectation was for the HICP to rise 0.60%.
German unemployment rate steadied in December
In December, the seasonally adjusted unemployment rate in Germany remained unchanged at a level of 6.00%, in line with market expectations.
German CPI advanced more than expected in December
The flash CPI advanced 1.70% on an annual basis in Germany, in December, higher than market expectations for a rise of 1.40%. In the previous month, the CPI had risen 0.80%.
French EU normalised CPI rose less than expected in December
In December, the flash EU normalised CPI recorded a rise of 0.30% on a MoM basis in France, less than market expectations for a rise of 0.50%. EU normalised CPI had recorded a flat reading in the previous month.
French CPI (ex-tobacco) rose less than expected in December
The preliminary CPI (ex-tobacco) registered a rise of 0.30% on a monthly basis in December, in France, lower than market expectations for an advance of 0.50%. In the previous month, the CPI (ex-tobacco) had registered a flat reading.
Swiss SVME manufacturing PMI slid in December
The SVME manufacturing PMI in Switzerland eased to 56.00 in December, at par with market expectations. In the previous month, the SVME manufacturing PMI had recorded a level of 56.60.
US ISM prices paid index rose in December
In the US, the ISM prices paid index registered a rise to 65.50 in December, higher than market expectations of an advance to 55.50. In the prior month, the ISM prices paid index had recorded a level of 54.50.
US ISM manufacturing activity index advanced in December
The ISM manufacturing activity index in the US rose to a level of 54.70 in December, compared to market expectations of an advance to 53.80. In the prior month, the ISM manufacturing activity index had registered a level of 53.20.
US Markit manufacturing PMI recorded a rise in December
In December, the final Markit manufacturing PMI registered a rise to 54.30 in the US, compared to a level of 54.10 in the prior month. The preliminary figures had indicated a rise to 54.20. Market expectation was for the Markit manufacturing PMI to climb to a level of 54.20.
US ISM backlog orders remained flat in December
In the US, ISM backlog orders remained steady at a level of 49.00 in December.
US ISM production climbed in December
In December, ISM production in the US rose to a level of 60.30. In the prior month, ISM production had recorded a reading of 56.00.
US ISM inventories recorded a drop in December
ISM inventories dropped to 47.00 in the US, in December. In the previous month, ISM inventories had recorded a level of 49.00.
US construction spending advanced more than expected in November
In November, construction spending in the US, rose 0.90% on a monthly basis, more than market expectations for a rise of 0.50%. Construction spending had climbed by a revised 0.60% in the previous month.
US ISM new orders climbed in December
ISM new orders climbed to 60.20 in December, in the US. In the previous month, ISM new orders had registered a reading of 53.00.
Japanese manufacturing PMI advanced in December
In December, the final manufacturing PMI advanced to 52.40 in Japan. In the prior month, manufacturing PMI had registered a level of 51.30. The preliminary figures had recorded an advance to 51.90.
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