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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail sales rose more than expected in November
In the Euro-zone, the seasonally adjusted retail sales recorded a rise of 1.00% on a MoM basis in November, higher than market expectations for an advance of 0.60%. Retail sales had registered a revised drop of 0.30% in the prior month.
Euro-zone CPI rose in December
In the Euro-zone, the flash consumer price index (CPI) rose 0.30% on a MoM basis in December. In the prior month, the CPI had dropped 0.30%.
US trade deficit narrowed in November
In the US, trade deficit narrowed to $43.10 billion in November, compared to a revised trade deficit of $46.90 billion in the previous month. Markets were expecting the nation to register a trade deficit of $49.00 billion.
US non-manufacturing PMI advanced in December
In the US, the non-manufacturing PMI climbed to a level of 55.00 in December, compared to a reading of 53.90 in the previous month. Markets were expecting the non-manufacturing PMI to advance to a level of 54.50.
US factory orders surprisingly eased in November
In the US, factory orders recorded an unexpected drop of 0.70% on a MoM basis in November. Factory orders had recorded a revised rise of 0.20% in the previous month.
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