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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE survey signals sharp drop in credit cards and mortgage demand in 1Q
The Bank of England (BoE), in its latest quarterly credit conditions survey, indicated that availability of secured credit to households dropped in the three months to the end of November, while projected a slight rise in availability for the next quarter. Meanwhile, the central bank announced that demand for credit card lending and mortgages is likely to fall in the first quarter.
Euro-zone CPI remained flat in December
On a monthly basis, the consumer price index (CPI) in the Euro-zone remained flat in December, in line with market expectations. The CPI had fallen 0.20% in the previous month.
Euro-zone construction output dropped in November
The seasonally adjusted construction output in the Euro-zone registered a drop of 0.10% on a MoM basis, in November. In the prior month, construction output had recorded a fall of 1.60%.
US initial jobless claims unexpectedly dropped in the last week
The seasonally adjusted initial jobless claims in the US registered an unexpected drop to a level of 213.00 K in the week ended 12 January 2019, compared to a level of 216.00 K in the previous week. Market anticipation was for initial jobless claims to rise to a level of 220.00 K.
US Philadelphia Fed manufacturing index climbed in January
In the US, Philadelphia Fed manufacturing index registered a rise to a level of 17.00 in January, compared to market expectations of an advance to a reading of 9.50. In the previous month, the index had recorded a level of 9.40.
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