Guardian Stockbrokers Key Economic News Wednesday 4 December 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK construction PMI advanced in November

In the UK, the construction PMI rose to a level of 45.30 in November, compared to market expectations of a rise to a level of 44.50. In the prior month, the index had registered to a reading of 44.20.

US ISM-NY business conditions index rose in November

In the US, the business conditions index advanced to a level of 50.40 in November, compared to market expectations of a rise to a level of 47.7. In the previous month, the index had registered to a reading of 47.70.

Australian AiG performance of services index eased in November

In Australia, the AiG performance of services index recorded a drop to a level of 53.70 in November. In the prior month, the index had recorded a revised to a level of 55.20.

Australian GDP rose less than expected in 3Q 2019

In Australia, the seasonally adjusted gross domestic product (GDP) rose 0.40% on a QoQ basis in 3Q 2019, compared to a revised rise of 0.60% in the previous quarter. Markets were expecting the GDP to advance 0.50%.

Chinese services PMI index climbed in November

In China, the services PMI index rose to a level of 53.50 in November, higher than market expectations of a rise to a level of 52.70. In the previous month, the index had registered to a reading of 51.10.

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