The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases advanced in December
In the UK, number of mortgage approvals for house purchases advanced to a level of 67.24 K in December, compared to a revised reading of 65.51 K in the previous month. Markets were anticipating number of mortgage approvals for house purchases to climb to 65.70 K.
UK net consumer credit advanced more than expected in December
In the UK, net consumer credit advanced £1.22 billion in December, more than market expectations for an advance of £0.91 billion. In the previous month, net consumer credit had advanced by a revised £0.65 billion.
Euro-zone GDP rose less than expected in 4Q 2019
In the Euro-zone, the seasonally adjusted preliminary gross domestic product (GDP) rose 1.00% on an annual basis in 4Q 2019, compared to an advance of 1.20% in the previous quarter. Market expectation was for GDP to advance 1.10%.
US Michigan consumer sentiment index unexpectedly climbed in January
In the US, the final Reuters/Michigan consumer sentiment index rose unexpectedly to a level of 99.80 in January, compared to a reading of 99.30 in the previous month. Markets were anticipating the index to ease to a level of 99.10.
Japanese manufacturing PMI advanced in January
In Japan, the final manufacturing PMI recorded a rise to a level of 48.80 in January, compared to a level of 48.40 in the previous month. Markets were expecting manufacturing PMI to advance to 49.30.
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