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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI declined more than expected in November
In the UK, the S&P Global construction PMI fell to 50.40 in November, compared to a reading of 53.20 in the prior months. Markets were expecting the construction PMI to drop to 52.00.
German factory orders unexpectedly rose in October
In Germany, factory orders unexpectedly rose 0.80% in October, compared to a drop of 4.00% in the previous month. Markets were anticipating factory orders to fall 0.20%.
US goods trade deficit widened in October
In the US, goods trade deficit widened to $98.80 billion in October, compared to a deficit of $91.91 billion in the prior month.
Australia GDP rose less than expected in 3Q 2022
In Australia, GDP rose 0.60% on a QoQ basis in 3Q 2022, compared to a rise of 0.90% in the previous month. Market expectations were for GDP to rise 0.70%.
China trade surplus narrowed more than anticipated in November
In China, trade surplus narrowed to $69.84 billion in November, compared to a surplus of $85.15 billion in the prior month. Market anticipations were for trade surplus to narrow to $78.10 billion.
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