Guardian Stockbrokers Key Economic News Monday 25 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 manufacturing PMI fell more than anticipated in January

In the UK, the preliminary manufacturing PMI dropped to a level of 52.90 in January, compared to a reading of 57.50 in the previous month. Markets were expecting the manufacturing PMI to record a fall to a level of 54.00.

UK services PMI dropped more than expected in January

In the UK, the preliminary services PMI registered a drop to a reading of 38.80 in January, compared to a level of 49.40 in the prior month. Markets were expecting the UK services PMI to record a fall to a level of 45.00.

Eurozone manufacturing PMI dropped less than anticipated in January

In the Eurozone, the preliminary manufacturing PMI declined to a reading of 54.70 in January, compared to a level of 55.20 in the prior month. Market expectations were for the manufacturing PMI to record a fall to a level of 54.50.

German manufacturing PMI dropped more than expected in January

In Germany, the flash manufacturing PMI dropped to a reading of 57.00 in January, compared to a level of 58.30 in the previous month. Markets were expecting the manufacturing PMI to record a fall to 57.50.

US manufacturing PMI unexpectedly rose in January

In the US, the flash manufacturing PMI registered an unexpected rise to a level of 59.10 in January, compared to a level of 57.10 in the previous month. Markets were expecting the manufacturing PMI to record a drop to a level of 56.50.

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