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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI dropped less than expected in November
In the UK, the final services PMI registered a drop to a reading of 47.60 in November, compared to a level of 51.40 in the prior month. Markets were expecting the services PMI to ease to a level of 45.80.
Euro-zone services PMI fell less than anticipated in November
In the Euro-zone, the final services PMI eased to a level of 41.70 in November, compared to a reading of 46.90 in the previous month. Markets were anticipating services PMI to drop to a level of 41.30.
Euro-zone retail sales climbed more than expected in October
In the Euro-zone, seasonally adjusted retail sales rose 1.50% on a MoM basis in October, compared to a revised fall of 1.70% in the previous month. Markets were anticipating retail sales to climb by 0.80%.
German services PMI fell more than expected in November
In Germany, the final services PMI fell to a level of 46.00 in November, compared to a level of 49.50 in the prior month. Market anticipations were for services PMI to fall to a level of 46.20.
US ISM Services PMI dropped more than anticipated in November
In the US, the ISM services PMI declined to a level of 55.90 in November, compared to a reading of 56.60 in the previous month. Markets were expecting the ISM Services PMI to ease to a level of 56.00.
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