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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo current assessment index declined in December
The Ifo current assessment index in Germany recorded a drop to a level of 104.70 in December, lower than market expectations of a fall to a reading of 105.00. The index had registered a level of 105.40 in the prior month.
German Ifo business climate index slid in December
In Germany, the Ifo business climate index recorded a drop to a level of 101.00 in December, lower than market expectations of a drop to a reading of 101.70. The index had registered a level of 102.00 in the prior month.
German Ifo business expectations index dropped in December
The Ifo business expectations index in Germany fell to a level of 97.30 in December, compared to market expectations of a drop to a level of 98.40. In the previous month, the index had recorded a level of 98.70.
US housing starts climbed in November
Housing starts in the US registered a rise of 3.20%, on monthly basis, to an annual rate of 1256.00 K in November, compared to market expectations of 1228.00 K. Housing starts had registered a revised reading of 1217.00 K in the prior month.
US building permits unexpectedly advanced in November
In the US, building permits recorded an unexpected rise of 5.00%, on monthly basis, to an annual rate of 1328.00 K in November, compared to market expectations of 1260.00 K. Building permits had registered a revised level of 1265.00 K in the previous month.
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