Guardian Stockbrokers Key Economic News Friday 8 January 2021

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

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UK construction PMI unexpectedly dropped in December

In the UK, the construction PMI recorded an unexpected drop to a reading of 54.60 in December, compared to a level of 54.70 in the previous month. Market anticipations were for the construction PMI to rise to a level of 55.00.

Euro-zone CPI dropped more than expected in December

In the Euro-zone, the preliminary consumer price index (CPI) fell 0.30% on a YoY basis in December, compared to a drop of 0.30% in the prior month. Markets were expecting the CPI to record a fall of 0.20%.

Euro-zone consumer confidence index climbed in December

In the Euro-zone, the final consumer confidence index advanced to a level of -13.90 in December, in line with expectations and compared to a revised level of -17.60 in the previous month.

German factory orders unexpectedly advanced in November

In Germany, seasonally adjusted factory orders rose 2.30% on a MoM basis in November, compared to a revised advance of 3.30% in the prior month. Markets were anticipating factory orders to fall 1.20%.

US ISM services index unexpectedly climbed in December

In the US, the ISM services index registered an unexpected rise to a level of 57.20 in December, compared to a reading of 55.90 in the previous month. Markets were expecting the services index to record a fall to 54.60.

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