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Guardian Stockbrokers Key Economic News Monday 21 December 2020

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK retail sales fell less than expected in November

In the UK, retail sales recorded a drop of 3.80% on a MoM basis in November, compared to a revised rise of 1.30% in the previous month. Markets expectations were of retail sales to record a fall of 4.20%.

Euro-zone current account surplus widened in October

In the Euro-zone, seasonally adjusted current account surplus widened to €26.60 billion in October, compared to a surplus of €25.20 billion in the prior month.

German business climate index unexpectedly rose in December

In Germany, the business climate index unexpectedly advanced to a level of 92.10 in December, compared to a revised reading of 90.90 in the previous month. Markets were anticipating the Ifo business climate index to ease to a level of 90.00.

German business expectations index climbed more than expected in December

In Germany, the business expectations index climbed to a level of 92.80 in December, compared to a revised reading of 91.80 in the previous month. Market expectations were for the index to rise to a level of 92.50.

German current assessment index unexpectedly rose in December

In Germany, the current assessment index registered an unexpected rise to a level of 91.30 in December, compared to a reading of 90.00 in the prior month. Markets were expecting the index to drop to a level of 89.00.

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