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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI advanced in January
In the UK, the final services PMI rose to a level of 53.90 in January, compared to market expectations of a fall to a level of 49.10. The services PMI had recorded a reading of 50.00 in the prior month.
Euro-zone services PMI dropped in January
In the Euro-zone, the final services PMI eased to a level of 52.50 in January, compared to market expectations of a fall to a level of 52.40. Services PMI had recorded a reading of 52.80 in the previous month.
Euro-zone retail sales surprisingly dropped in December
In the Euro-zone, the seasonally adjusted retail sales unexpectedly fell 1.60% on a MoM basis in December, compared to a revised rise of 0.80% in the previous month. Market anticipation was for retail sales to climb 0.60%.
US services PMI rose in January
In the US, the final services PMI registered a rise to a level of 53.40 in January, compared to market expectations of a rise to a level of 53.20. In the previous month, services PMI had registered to a reading of 52.80.
US trade deficit widened in December
In the US, trade deficit expanded to $48.90 billion in December, more than market expectations of a trade deficit of $44.60 billion. The nation had registered a revised trade deficit of $43.70 billion in the prior month.
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