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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI unexpectedly rose in September
In the UK, the manufacturing PMI unexpectedly advanced to a level of 53.80 in September, higher than market expectations of a fall to a reading of 52.50. The index had recorded a revised level of 53.00 in the previous month.
UK net consumer credit advanced less than expected in August
The UK net consumer credit advanced £1.10 billion in August, compared to an advance of £0.80 billion in the prior month. Market expectation was for net consumer credit to rise £1.30 billion.
Euro-zone manufacturing PMI eased in September
The final manufacturing PMI in the Euro-zone fell to a level of 53.20 in September, compared to a level of 54.60 in the previous month. Markets were expecting the index to drop to a level of 53.30.
German manufacturing PMI declined in September
The final manufacturing PMI in Germany dropped to a level of 53.70 in September, meeting market expectations. In the prior month, the index had registered a reading of 55.90.
US ISM manufacturing activity index dropped in September
In the US, the ISM manufacturing activity index eased to a level of 59.80 in September, compared to a reading of 61.30 in the prior month. Markets were anticipating the index to drop to a level of 60.00.
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