Guardian Stockbrokers Key Economic News Wednesday 25 March 2020

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

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UK services PMI declined in March

In the UK, the flash services PMI fell to a level of 35.70 in March, compared to a reading of 53.20 in the previous month. Markets were anticipating the services PMI to fall to a level of 45.00.

UK manufacturing PMI fell in March

In the UK, the flash manufacturing PMI dropped to a level of 48.00 in March, higher than market expectations of a fall to a reading of 45.00. The manufacturing PMI had registered a reading of 51.70 in the prior month.

Euro-zone services PMI dropped in March

In the Euro-zone, the preliminary services PMI recorded a drop to a level of 28.40 in March, compared to market expectations of a fall to a reading of 38.40. Services PMI had registered to a level of 52.60 in the prior month.

Euro-zone manufacturing PMI dropped in March

In the Euro-zone, the preliminary manufacturing PMI fell to a level of 44.80 in March, higher than market expectations of a drop to a reading of 39.00. In the previous month, the manufacturing PMI had recorded to a level of 49.20.

US manufacturing PMI eased in March

In the US, the flash manufacturing PMI dropped to a reading of 49.20 in March, higher than market expectations of a drop to a level of 43.00. In the prior month, the manufacturing PMI had recorded to a level of 50.70.

US services PMI declined in March

In the US, the flash services PMI dropped to a level of 39.10 in March, compared to market expectations of a drop to a level of 42.00. In the previous month, services PMI had registered to a reading of 49.40.

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