The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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IMF lifted global growth forecast for 2023
The International Monetary Fund (IMF) upgraded its global growth outlook to 2.9% in 2023.
UK consumer credit demand rose less than expected in December
In the UK, consumer credit demand rose £0.49 billion in December, compared to a revised level of £1.49 billion in the previous month. Markets were expecting consumer credit to rise to £1.20 billion.
Euro-zone GDP unexpectedly rose in 4Q 2022
In the Euro-zone, GDP unexpectedly rose 0.10% in 4Q 2022, compared to a rise of 0.30% in the prior quarter.
German retail sales unexpectedly dropped in December
In Germany, retail sales unexpectedly fell 5.30% on a MoM basis in December, compared to a revised rise of 1.90% in the previous month.
US housing price index for November unexpectedly fell in November
In the US, the housing price index unexpectedly fell 0.10% on a MoM basis in November, compared to a flat reading in the prior month.
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