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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI advanced less than expected in December
In the UK, the S&P Global/CIPS services PMI rose to 49.90 in December, compared to a level of 48.80 in the prior month. Markets were expecting the services PMI to rise to 50.00.
Euro-zone PPI climbed less than anticipated in November
In the Euro-zone, the PPI rose 27.10% on a YoY basis in November, compared to a revised rise of 30.50% in the previous month. Market anticipations were for the PPI to rise 27.50%.
German trade surplus rose more than expected in November
In Germany, trade surplus widened to €10.80 billion in November, compared to a revised surplus of €6.80 billion in the prior month. Markets were expecting surplus to widen to €7.5 billion.
US private sector employment advanced more than anticipated in December
In the US, private sector employment climbed by 235.00 K in December, compared to a rise of 127.00 K in the previous month. Markets were anticipating the employment change to rise by 150.00 K.
US initial jobless claims unexpectedly declined in the week ended 30 December 2022
In the US, initial jobless claims unexpectedly fell to 204.00 K in the week ended 30 December 2022, compared to a revised level of 223.00 K in the prior week.
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