Guardian Stockbrokers Key Economic News Monday 20 December 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK retail sales rose more than expected in November

In the UK, retail sales recorded a rise of 1.40% on a MoM basis in November, compared to a revised rise of 1.1% in the previous month. Markets were anticipating retail sales to climb 0.80%.

Euro-zone CPI rose as expected in November

In the Euro-zone, the final CPI advanced 4.90% on a YoY basis in November, in line with market expectations and compared to rise of 4.10% in the previous month.

German IFO business climate index fell more than expected in December

In Germany, the IFO business climate index fell to a level of 94.70 in December, compared to a revised reading of 96.60 in the previous month. Markets were expecting the index to drop to a level of 95.30.

German IFO current assessment index fell more than anticipated in December

In Germany, the IFO current assessment index registered a drop to 96.90 in December, compared to a level of 99.00 in the prior month. Market expectations were for the index to decline to 97.50.

German IFO business expectations index dropped in December

In Germany, the IFO business expectations index recorded a drop to 92.60 in December, compared to a reading of 94.20 in the prior month. Markets were expecting the index to record a fall to a level of 93.50.

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