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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales surprisingly dropped in December
In the UK, retail sales recorded an unexpected drop of 0.60% on a MoM basis in December. Retail sales had fallen by a revised 0.80% in the previous month.
Euro-zone CPI advanced as expected in December
In the Euro-zone, the final consumer price index (CPI) advanced 0.30% on a MoM basis in December, compared to a drop of 0.30% in the previous month. Markets were anticipating the CPI to rise 0.30%.
Euro-zone current account surplus narrowed in November
In the Euro-zone, the seasonally adjusted current account surplus fell to €33.90 billion in November, less than market expectations of a current account surplus of €25.60 billion. The Euro-zone had registered a revised current account surplus of €35.80 billion in the prior month.
US consumer sentiment index fell in January
In the US, the flash Reuters/Michigan consumer sentiment index recorded a drop to a level of 99.10 in January, compared to a reading of 99.30 in the prior month.
Japanese industrial production dropped more than expected in November
In Japan, the final industrial production eased 8.20% on a YoY basis in November, compared to a drop of 7.70% in the previous month. Market expectation was for the industrial production to fall 8.10%.
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