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4 Jan 2016
German CPI and UK manufacturing PMI prints weak numbers – TDS
FXStreet (Delhi) – Research Team at TDS, notes that this morning’s regional German CPI data came in fairly weak, with unchanged year-on-year inflation numbers reported in the three largest regions, and a deceleration in Saxony.
Key Quotes
“The data supports a 0.3% y/y reading for Germany’s December HICP (due at 1pm London time), repeating November’s inflation rate, and weaker than the consensus of 0.4% y/y.
UK: December’s manufacturing PMI fell to 51.9 (and was revised down in November), surprising both us and markets to the downside. Details of the report showed that the pace of manufacturing output and new export orders slowed in December, while employment increased on the month.”
Key Quotes
“The data supports a 0.3% y/y reading for Germany’s December HICP (due at 1pm London time), repeating November’s inflation rate, and weaker than the consensus of 0.4% y/y.
UK: December’s manufacturing PMI fell to 51.9 (and was revised down in November), surprising both us and markets to the downside. Details of the report showed that the pace of manufacturing output and new export orders slowed in December, while employment increased on the month.”