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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI fell less than expected in January
In the UK, the final manufacturing PMI registered a drop to 57.30 in January, compared to a level of 57.90 in the previous month. Markets were expecting the manufacturing PMI to fall to 56.90.
UK house prices rose more than expected in January
In the UK, the seasonally adjusted house prices climbed 0.80% on a MoM basis in January, compared to a rise of 1.00% in the previous month. Markets were expecting house prices to record a rise of 0.60%.
Euro-zone manufacturing PMI advanced less than anticipated in January
In the Euro-zone, the final manufacturing PMI climbed to 58.70 in January, compared to a reading of 58.00 in the prior month. Markets were expecting the manufacturing PMI to climb to 59.00.
German manufacturing PMI rose less than expected in January
In Germany, the final manufacturing PMI advanced to 59.80 in January, compared to a level of 57.40 in the prior month. Markets were expecting the manufacturing PMI to record a rise to 60.50.
US ISM manufacturing PMI dropped less than anticipated in January
In the US, the ISM manufacturing PMI dropped to 57.60 in January, compared to a revised reading of 58.80 in the previous month. Markets were expecting the manufacturing PMI to record a fall to a level of 57.50.
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