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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index rose in January
The Rightmove house price index in the UK climbed 0.40% on a monthly basis, in January. In the prior month, the index had fallen 1.50%.
UK retail sales declined more than expected in December
Retail sales in the UK recorded a drop of 0.90% on a monthly basis, in December, higher than market expectations for a drop of 0.80%. Retail sales had advanced by a revised 1.30% in the previous month.
US manufacturing production rose more than expected in December
In the US, manufacturing production registered a rise of 1.10% on a monthly basis, in December, higher than market expectations for an advance of 0.30%. In the prior month, manufacturing production had recorded a revised rise of 0.10%.
US industrial production advanced more than expected in December
On a monthly basis, industrial production in the US rose 0.30% in December, higher than market expectations for a rise of 0.20%. Industrial production had registered a revised rise of 0.40% in the previous month.
US consumer sentiment index dropped in January
The preliminary consumer sentiment index in the US recorded a drop to a level of 90.70 in January, lower than market expectations of a fall to a reading of 96.80. The index had recorded a reading of 98.30 in the prior month.
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