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Guardian Stockbrokers Key Economic News Monday 5 August 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK construction PMI climbed in July

In the UK, the construction PMI advanced to a level of 45.30 in July, compared to market expectations of a rise to a level of 46.00. In the previous month, the construction PMI had registered a level of 43.10.

Euro-zone retail sales advanced more than expected in June

In the Euro-zone, the seasonally adjusted retail sales climbed 2.60% on a YoY basis in June, higher than market expectations for a rise of 1.30%. In the prior month, retail sales had climbed by a revised 1.00%.

US unemployment rate steadied in July

In the US, unemployment rate remained unchanged at a level of 3.70% in July, higher than market expectations of a fall to 3.60%.

US non-farm payrolls rose in July

In the US, non-farm payrolls recorded an increase of 164.00 K in July, following a revised advance of 193.00 K in the previous month. Market anticipation was for non-farm payrolls to rise 165.00 K.

US durable goods orders climbed in June

In the US, the final durable goods orders recorded a rise of 1.90% on a MoM basis in June, compared to a revised drop of 2.30% in the prior month.

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