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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI surprisingly climbed in May
The manufacturing PMI in the UK recorded an unexpected rise to a level of 54.40 in May, compared to a reading of 53.90 in the prior month. Markets were anticipating the manufacturing PMI to ease to 53.50.
Euro-zone manufacturing PMI slid in May
The Euro-zone manufacturing PMI eased to 55.50 in May, at par with market expectations. In the previous month, the manufacturing PMI had registered a reading of 56.20.
US non-farm payrolls rose in May
Non-farm payrolls rose by 223.00K in the US, in May, more than market anticipations of an advance of 190.00K. Non-farm payrolls had recorded a revised increase of 159.00K in the prior month.
US Markit manufacturing PMI unexpectedly declined in May
In May, the final Markit manufacturing PMI dropped unexpectedly to a level of 56.40 in the US, compared to a level of 56.50 in the prior month. Markets were expecting the Markit manufacturing PMI to climb to 56.60.
US unemployment rate unexpectedly dropped in May
In May, unemployment rate in the US eased unexpectedly to a level of 3.80%, compared to market expectations of a steady reading. Unemployment rate had registered a level of 3.90% in the previous month.
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