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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped in December
In the UK, the final manufacturing PMI fell to a level of 47.50 in December, compared to market expectations of a fall to a level of 47.60. The manufacturing PMI had recorded a level of 48.90 in the prior month.
Euro-zone manufacturing PMI declined in December
In the Euro-zone, the final manufacturing PMI recorded a drop to a level of 46.30 in December, compared to a reading of 46.90 in the previous month. Market expectation was for the manufacturing PMI to drop to a level of 45.90.
German manufacturing PMI fell in December
In Germany, the final manufacturing PMI registered a drop to a level of 43.70 in December, higher than market expectations of a drop to a level of 43.40. In the previous month, manufacturing PMI had recorded to a reading of 44.10.
US manufacturing PMI declined in December
In the US, the final manufacturing PMI recorded a drop to a level of 52.40 in December, compared to market expectations of a drop to a level of 52.50. The manufacturing PMI had recorded to a reading of 52.60 in the previous month.
US initial jobless claims unexpectedly declined in the last week
In the US, the seasonally adjusted initial jobless claims dropped unexpectedly to a level of 222.00 K in the week ended 28 December 2019. Initial jobless claims had recorded a revised level of 224.00 K in the prior week.
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