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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP advanced as expected in 4Q 2021
In the Euro-zone, seasonally adjusted GDP climbed 0.30% on a QoQ basis in 4Q 2021, compared to a revised rise of 2.30% in the prior quarter. Markets were expecting the GDP to record an advance of 0.30%.
German CPI rose more than expected in January
In Germany, the preliminary CPI recorded a rise of 4.90% on a YoY basis in January, compared to a rise of 5.30% in the previous month. Markets were expecting the CPI to record an advance of 4.30%.
US Chicago Fed Purchasing Managers’ Index unexpectedly rose in January
In the US, the Chicago Fed Purchasing Managers Index unexpectedly climbed to 65.20 in January, compared to a revised reading of 64.30 in the prior month. Markets were expecting the index to ease to 61.70.
US Dallas Fed manufacturing business index dropped in January
In the US, the Dallas Fed manufacturing business index eased to a level of 2.00 in January, compared to a revised reading of 7.80 in the prior month.
Japanese manufacturing PMI rose in January
In Japan, the final manufacturing PMI climbed to 55.40 in January, compared to a reading of 54.30 in the previous month.
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