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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings including bonus advanced less than expected in the three months to October
In the UK, average earnings including bonus climbed 6.10% in the three months to October, compared to a rise of 6.0% in the prior month. Markets were expecting average earnings including bonus to rise 6.20%.
UK ILO unemployment rate rose as estimated in October
In the UK, the ILO unemployment rate rose to 3.70% in October, at par with market expectations and compared to 3.60% in the previous month.
Euro-zone economic sentiment index advanced more than expected in December
In the Euro-zone, the ZEW survey economic sentiment index climbed to -23.60 in December, compared to a reading of -38.70 in the prior month. Market anticipations were for the index to rise to -25.70.
German economic sentiment index advanced more than anticipated in December
In Germany, the ZEW survey economic sentiment index advanced to -23.30 in December, compared to a reading of -36.70 in the previous month. Markets were anticipating the index to rise to 26.40.
US CPI advanced less than expected in November
In the US, the consumer price index (CPI) rose 7.10% on a YoY basis in November, compared to a rise of 7.70% in the prior month. Market expectations were for the CPI to rise 7.30%.
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