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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI dropped less than anticipated in January
In the UK, the final services PMI eased to a level of 39.50 in January, compared to a level of 49.40 in the prior month. Markets were expecting the services PMI to drop to a reading of 38.80.
Eurozone CPI climbed more than expected in January
In the Eurozone, the flash consumer price index (CPI) recorded a rise of 0.90% on a YoY basis in January, compared to a fall of 0.30% in the previous month. Markets were expecting the CPI to record a rise of 0.50%.
Euro-zone services PMI fell less than anticipated in January
In the Euro-zone, the final services PMI dropped to a level of 45.40 in January, compared to a reading of 46.40 in the previous month. Markets were anticipating the services PMI to fall to 45.00.
German services PMI dropped more than expected in January
In Germany, the final services PMI recorded a drop to a reading of 46.70 in January, compared to a level of 47.00 in the previous month. Markets were expecting the services PMI to fall to a reading of 46.80.
US ISM services Index unexpectedly advanced in January
In the US, the ISM services index unexpectedly climbed to a level of 58.70 in January, compared to a revised level of 57.70 in the prior month. Market expectations were for the ISM services Index to drop to a level of 56.80.
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