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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI unexpectedly advanced in November
In the UK, the construction PMI registered an unexpected rise to a level of 54.70 in November, compared to a level of 53.10 in the prior month. Markets were expecting the construction PMI to record a drop to a level of 52.00.
German factory orders climbed more than expected in October
In Germany, seasonally adjusted factory orders climbed 2.90% on a MoM basis in October, compared to a revised rise of 1.10% in the prior month. Markets were anticipating factory orders to climb 1.50%.
US factory orders advanced more than expected in October
In the US, factory orders advanced 1.00% on a MoM basis in October, a revised rise of 1.30% in the previous month. Markets were expecting factory orders to record a rise of 0.80%.
US unemployment rate fell more than anticipated in November
In the US, the unemployment rate fell to 6.70% in November, compared to a rate of 6.90% in the previous month. Market anticipations were for the unemployment rate to fall to 6.80%.
US non-farm payrolls advanced less than expected in November
In the US, non-farm payrolls rose by 245.00K in November, compared to a revised increase of 610.00K jobs in the prior month. Markets were expecting non-farm payrolls to record an advance of 481.00K jobs.
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