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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI recorded an unexpected rise in June
The manufacturing PMI in the UK unexpectedly climbed to a level of 54.40 in June, compared to market expectations of a fall to a reading of 54.00. The index had registered a revised level of 54.30 in the prior month.
Euro-zone manufacturing PMI eased in June
The final manufacturing PMI in the Euro-zone dropped to a level of 54.90 in June, compared to a reading of 55.50 in the prior month. Markets were expecting the index to drop to a level of 55.00.
German manufacturing PMI slid in June
The final manufacturing PMI in Germany registered a drop to a level of 55.90 in June, compared to a level of 56.90 in the previous month. Market anticipation was for the index to fall to a level of 55.90.
US Markit manufacturing PMI dropped in June
In the US, the final manufacturing PMI recorded a drop to a level of 55.40 in June, higher than market expectations of a fall to a reading of 54.60. The preliminary figure had recorded a fall to 54.60.
US ISM manufacturing activity index advanced surprisingly in June
The ISM manufacturing activity index in the US recorded an unexpected rise to a level of 60.20 in June, compared to market expectations of a drop to a level of 58.50. The index had recorded a reading of 58.70 in the prior month.
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