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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Markit construction PMI unexpectedly rose in January
In the UK, the construction PMI unexpectedly climbed to a level of 56.30 in January, compared to a reading of 54.30 in the previous month. Markets were expecting the construction PMI to remain unchanged at 54.30.
Euro-zone retail sales dropped more than expected in December
In the Euro-zone, seasonally adjusted retail sales dropped 3.00% on a MoM basis in December, compared to a rise of 1.00% in the previous month. Markets were expecting retail sales to record a fall of 0.50%.
German factory orders climbed more than anticipated in December
In Germany, factory orders rose 2.80% on a MoM basis in December, compared to a revised rise of 3.60% in the previous month. Markets were expecting factory orders to record a rise of 0.50%.
US nonfarm payrolls jumped more than expected in January
In the US, nonfarm payrolls rose by 467.00 K in January, compared to a revised reading of 510.00 K jobs in the prior month. Markets were expecting nonfarm payrolls to rise by 150.00 K.
US unemployment rate unexpectedly rose in January
In the US, the unemployment rate recorded an unexpected rise to 4.00% in January, compared to 3.90% in the previous month. Markets were expecting the unemployment rate to remain unchanged at 3.90%.
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