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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI dropped less than expected in December
In the UK, the construction PMI fell to a level of 54.30 in December, compared to a reading of 55.50 in the previous month. Markets were expecting the construction PMI to record a drop to a level of 54.00.
UK Halifax house prices rose more expected in December
In the UK, house prices climbed 9.80% on a YoY basis in December, compared to an advance of 8.20% in the previous month. Markets were expecting house prices to record a rise of 7.70%.
Euro-zone CPI climbed more than expected in December
In Euro-zone, the preliminary consumer price index (CPI) climbed 5.00% on a YoY basis in December, compared to an advance of 4.90% in the previous month. Markets were expecting the CPI to record a rise of 4.70%.
German industrial production unexpectedly dropped in November
In Germany, industrial production unexpectedly fell 0.20% on a MoM basis in November, compared to a revised rise of 2.40% in the prior month. Markets were expecting industrial production to record a rise of 1.00%.
US nonfarm payrolls rose less than expected in December
In the US, nonfarm payrolls rose by 199.00 K in December, compared to a revised level of 249.00 K jobs in the previous month. Markets were expecting nonfarm payrolls to climb by 400.00 K.
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