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Global Economic Update

10:20, 06 февраля

Global Economic Update

  • In the UK, retail sales across all sectors rose 0.60% on a YoY basis in January, compared to a similar rise in the previous month. The Markit services PMI sild to 53.00 in January, compared to a reading of 54.20 in the previous month.
  • The European Central Bank (ECB) President, Mario Draghi, stated that the nascent economic recovery across the common currency region would push inflation towards the central bank’s 2.0% goal. The investor confidence index in the Eurozone fell to 31.90 in February, compared to a reading of 32.90 in the prior month. The seasonally adjusted retail sales surged 1.90% on a YoY basis in December, compared to a revised rise of 3.90% in the last month. The final composite PMI jumped to a level of 58.80 in January, compared to a reading of 58.10 in the previous month. The final services PMI climbed to 58.00 in January, compared to a level of 56.60 in the prior month.
  • In Germany, the final Markit composite PMI rose to a level of 59.00 in January, compared to a level of 58.90 in the previous month. The final services PMI advanced to a level of 57.30 in January, compared to a reading of 55.80 in the last month.
  • In the US, the final Markit services PMI dropped to 53.30 in January, compared to a reading of 53.70 in December. The non-manufacturing PMI rose to 59.90 in January, compared to a revised level of 56.00 in the last month. The final Markit composite PMI slid to 53.80 in January, compared to a reading of 54.10 in the previous month.
  • In Australia, the seasonally adjusted trade balance posted an unexpected deficit of AUD 1358.00 million in December, compared to a revised trade surplus of AUD 36.00 million in the prior month. The seasonally adjusted retail sales fell 0.50% on a MoM basis in December, compared to a rise of 1.20% in the previous month.