Guardian Stockbrokers Key Economic News Friday 8 January 2021

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


UK construction PMI unexpectedly dropped in December

In the UK, the construction PMI recorded an unexpected drop to a reading of 54.60 in December, compared to a level of 54.70 in the previous month. Market anticipations were for the construction PMI to rise to a level of 55.00.

Euro-zone CPI dropped more than expected in December

In the Euro-zone, the preliminary consumer price index (CPI) fell 0.30% on a YoY basis in December, compared to a drop of 0.30% in the prior month. Markets were expecting the CPI to record a fall of 0.20%.

Euro-zone consumer confidence index climbed in December

In the Euro-zone, the final consumer confidence index advanced to a level of -13.90 in December, in line with expectations and compared to a revised level of -17.60 in the previous month.

German factory orders unexpectedly advanced in November

In Germany, seasonally adjusted factory orders rose 2.30% on a MoM basis in November, compared to a revised advance of 3.30% in the prior month. Markets were anticipating factory orders to fall 1.20%.

US ISM services index unexpectedly climbed in December

In the US, the ISM services index registered an unexpected rise to a level of 57.20 in December, compared to a reading of 55.90 in the previous month. Markets were expecting the services index to record a fall to 54.60.

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