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Guardian Stockbrokers Key Economic News Tuesday 6 December 2022

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

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UK services PMI remained unchanged as expected in November

In the UK, the S&P Global/CIPS services PMI remained unchanged at 48.80 in November, at par with market expectations.

Euro-zone Sentix investor confidence index improved in December

In the Euro-zone, the Sentix investor confidence index rose to -21.00 in December, compared to a level of -30.90 in the prior month. Markets were expecting the index to rise to -27.10.

Euro-zone services PMI dropped more than expected in November

In the Euro-zone, the S&P Global services PMI fell to 48.50 in November, compared to a reading of 48.60 in the previous month. Market expectations were for the services PMI to remain unchanged.

German services PMI declined more than anticipated in November

In Germany, the S&P Global/BME services PMI dropped to 46.10 in November, compared to a reading of 46.50 in the prior month. Market anticipations were for the services PMI to fall to 46.40.

US ISM services PMI unexpectedly advanced in November

In the US, the ISM services PMI unexpectedly climbed 56.50 in November, compared to a reading of 54.40 in the previous month. Markets were expecting the services PMI to drop to 53.10

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