The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI rose less than expected in December
In the UK, the consumer price index (CPI) advanced 1.30% on YoY basis in December, less than market expectations for a rise of 1.50%. The CPI had risen 1.50% in the previous month.
UK retail price index advanced less than expected in December
In the UK, the retail price index rose 2.20% on YoY basis in December, less than market expectations for an advance of 2.30%. In the prior month, the index had registered a similar rise.
Euro-zone trade surplus narrowed in November
The Euro-zone has posted the seasonally adjusted trade surplus of €19.20 billion in November, following a revised trade surplus of €24.00 billion in the prior month. Markets were anticipating a trade surplus of €21.20 billion.
Euro-zone industrial production rose less than expected in November
In the Euro-zone, the seasonally adjusted industrial production advanced 0.20% on MoM basis in November, compared to a revised fall of 0.90% in the prior month. Market anticipation was for the industrial production to climb 0.30%.
US NY Empire State manufacturing index surprisingly rose in January
In the US, the NY Empire State manufacturing index unexpectedly climbed to a level of 4.80 in January, compared to a level of 3.50 in the previous month. Market anticipation was for the index to record a flat reading.
US economy growing at a ‘modestly favourable pace’, indicates Fed’s Beige Book
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economy activity continued to expand modestly over the last six weeks of 2019, but uncertainty over the US trade policy continued to hurt companies. Meanwhile, it indicated that businesses across all regions reported a modest growth. Moreover, it stated that employment was steady to rising modestly in most districts, while labour markets remained tight throughout the nation.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.