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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP dropped less than expected in November
In the UK, GDP fell 2.60% on a MoM basis in November, compared to a revised advance of 0.60% in the previous month. Market anticipations were for the GDP to drop 5.70%.
UK manufacturing production rose less than expected in November
In the UK, manufacturing production climbed 0.70% on a MoM basis in November, compared to a revised rise of 1.60% in the prior month. Markets were expecting manufacturing production to record a rise of 0.90%.
UK industrial production unexpectedly dropped in November
In the UK, industrial production eased 0.10% on a MoM basis in November, compared to a revised advance of 1.10% in the previous month. Market anticipations were for the industrial production to advance 0.50%.
Euro-zone trade surplus narrowed in November
In the Euro-zone, the seasonally adjusted trade surplus narrowed to €25.10 billion in November, compared to a revised surplus of €25.20 billion in the prior month.
US consumer sentiment index dropped more than expected in January
In the US, the flash consumer sentiment index registered a drop to 79.20 in January, compared to a level of 80.70 in the previous month. Markets were anticipating the consumer sentiment index to drop to 80.00.
US retail sales dropped in January
In the US, retail sales fell 0.70% on a MoM basis in December, compared to a revised decline of 1.40% in the previous month. Markets were anticipating retail sales to record a flat reading.
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