Guardian Stockbrokers Key Economic News Tuesday 24 January 2023

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

Euro-zone consumer confidence index unexpectedly advanced in January

In the Euro-zone, the consumer confidence index unexpectedly rose to -20.90 in January, compared to a level of -22.20 in the prior month.

Australia manufacturing PMI unexpectedly dropped in January

In Australia, the S&P Global manufacturing PMI unexpectedly fell to 49.80 in January, compared to a level of 50.20 in the previous month.

Australia services PMI advanced less than expected in January

In Australia, the S&P Global services PMI climbed to 48.30 in January, compared to a level of 47.30 in the prior month. Markets were expecting the services PMI to rise to 49.70.

Australia NAB business conditions dropped more than anticipated in December

In Australia, the NAB business conditions fell to 12.00 in December, compared to level of 20.00 in the previous month. Market anticipations were for the business conditions to fall to 19.00.

Japan Jibun Bank manufacturing PMI remained unchanged as expected in January

In Japan, the JIbun Bank manufacturing PMI remained unchanged at 48.90 in January, at par with market expectations.

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