Guardian Stockbrokers Key Economic News Tuesday 5 January 2021

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

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UK manufacturing PMI rose more than expected in December

In the UK, the final manufacturing PMI registered a rise to 57.50 in December, compared to a reading of 55.60 in the previous month. Markets were expecting the manufacturing PMI to record a rise to 57.30.

UK net consumer credit dropped more than expected in November

In the UK, net consumer credit fell £1.54 billion in November, compared to a revised drop of £0.70 billion in the previous month. Market anticipations were for net consumer credit to drop £1.50 billion.

Euro-zone manufacturing PMI rose less than anticipated in December

In the Euro-zone, the final manufacturing PMI advanced to a level of 55.20 in December, compared to a reading of 53.80 in the previous month. Markets were expecting the manufacturing PMI to record a rise to 55.50.

German manufacturing PMI climbed less than expected in December

In Germany, the final manufacturing PMI advanced to a reading of 58.30 in December, compared to a level of 57.80 in the prior month. Markets were expecting the manufacturing PMI to record a rise to 58.60.

US manufacturing PMI unexpectedly rose in December

In the US, the final manufacturing PMI recorded an unexpected rise to a level of 57.10 in December, compared to a reading of 56.70 in the previous month. Markets were expecting the Markit manufacturing PMI to record a drop to 56.50.

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