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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone economic sentiment indicator unexpectedly dropped in January
In the Euro-zone, the economic sentiment indicator unexpectedly declined to a level of 112.70 in January, compared to a revised reading of 113.80 in the prior month. Markets were expecting the economic sentiment indicator to advance to a level of 114.50.
Euro-zone consumer confidence index dropped in January
In the Euro-zone, the final consumer confidence index eased to -8.50 in January, compared to a revised level of -8.40 in the previous month.
German GDP eased more than expected in 4Q 2021
In Germany, the seasonally adjusted flash GDP fell 0.70% on a QoQ basis in 4Q 2021, compared to a rise of 1.70% in the prior quarter. Markets were expecting the GDP to record a drop of 0.3%.
US consumer sentiment index dropped in January
In the US, the final consumer sentiment index eased to 67.20 in January, compared to a reading of 70.60 in the prior month. Markets were anticipating the index to fall to a level of 68.80.
US personal spending unexpectedly dropped in December
In the US, personal spending recorded a drop of 0.60% on a MoM basis in December, in line with expectations and compared to a revised rise of 0.40% in the prior month.
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