The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI advanced more than expected in November
In the UK, the S&P Global/CIPS manufacturing PMI climbed to 46.50 in November, compared to a reading of 46.20 in the prior month. Markets were expecting the manufacturing PMI to remain unchanged.
UK Nationwide housing price fell more than expected in November
In the UK, the Nationwide housing price fell 1.40% in November, compared to a fall of 0.90% in the previous month. Markets were expecting the Nationwide housing prices to fall 0.30%.
Euro-zone manufacturing PMI advanced less than anticipated in November
In the Euro-zone, manufacturing PMI climbed to 47.10 in November, compared to a reading of 46.40 in the previous month. Markets were anticipating the manufacturing PMI to rise to 47.30.
German manufacturing PMI climbed less than expected in November
In Germany, the Global/BME manufacturing PMI rose to 46.20 in November, compared to a reading of 45.10 in the prior month. Market expectations were for the manufacturing PMI to rise to 46.70.
US ISM manufacturing PMI declined more than anticipated in November
In the US, the ISM manufacturing PMI fell to 49.00 in November, compared to a reading of 50.20 in the previous month. Market anticipations were for the manufacturing PMI to fall to 49.80.
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