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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped in January
The manufacturing PMI in the UK fell to a level of 52.80 in January, lower than market expectations of a fall to a reading of 53.50. The index had registered a reading of 54.20 in the previous month.
Euro-zone manufacturing PMI fell in January
The final manufacturing PMI in the Euro-zone recorded a drop to a level of 50.50 in January, at par with market expectations. In the prior month, the index had recorded a reading of 51.40.
Euro-zone CPI rose as expected in January
The flash consumer price index (CPI) in the Euro-zone climbed 1.40% on an annual basis in January, at par with market expectations. The CPI had recorded a rise of 1.60% in the prior month.
US unemployment rate surprisingly advanced in January
In the US, unemployment rate registered an unexpected rise of 4.00% in January, compared to a rate of 3.90% in the previous month. Market anticipation was for unemployment rate to record a steady reading.
Non-farm payrolls in the US rose in January
In the US, non-farm payrolls rose by 304.00 K in January, compared to market anticipations of an advance of 165.00 K. Non-farm payrolls had recorded a revised gain of 222.00 K in the prior month.
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