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