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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 final manufacturing PMI climbed to a level of 55.60 in November, compared to a reading of 53.70 in the prior month. Markets were anticipating the manufacturing PMI to climb to a level of 55.20.
UK house prices rose more than expected in November
In the UK, seasonally adjusted house prices advanced 0.90% on a MoM basis in November, compared to a rise of 0.80% in the prior month. Markets were expecting house prices to record a rise of 0.30%.
Euro-zone CPI fell more than expected in November
In the Euro-zone, the flash consumer price index (CPI) fell 0.30% on a YoY basis in November, compared to a similar fall of 0.30% in the prior month. Markets were expecting the consumer price index to drop 0.20%.
Euro-zone manufacturing PMI dropped less than anticipated in November
In the Euro-zone, the final manufacturing PMI fell to a level of 53.80 in November, compared to a reading of 54.80 in the previous month. Market anticipations were for the manufacturing PMI to drop to 53.60.
US ISM manufacturing activity index fell more than anticipated in November
In the US, the ISM manufacturing activity index recorded a drop to a reading of 57.50 in November, compared to a level of 59.30 in the prior month. Market expectations were for the index to ease to a level of 57.90.
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