The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped less than anticipated in January
In the UK, the final manufacturing PMI fell to a level of 54.10 in January, compared to a reading of 57.50 in the previous month. Market anticipations were for the manufacturing PMI to fall to 52.90.
Euro-zone manufacturing PMI fell less than expected in January
In the Eurozone, the final manufacturing PMI dropped to a level of 54.80 in January, compared to a reading of 55.20 in the previous month. Market expectations were for the manufacturing PMI to fall to 54.70.
Euro-zone unemployment rate remained steady in December
In the Eurozone, the unemployment rate remained steady at 8.30% in December, as expected.
German manufacturing PMI fell less than anticipated in January
In Germany, the final manufacturing PMI fell to a level of 57.10 in January, compared to a level of 58.30 in the prior month. Markets were expecting the manufacturing PMI to record a drop to a level of 57.00.
US ISM manufacturing activity index fell more than expected in January
In the US, the ISM manufacturing activity index dropped to 58.70 in January, compared to a revised reading of 60.50 in the previous month. Markets were expecting the manufacturing PMI to record a drop to a level of 60.00.
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