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Guardian Stockbrokers Key Economic News Thursday 6 August 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 rose less than expected in July

In the UK, the final services PMI registered a rise to a reading of 56.50 in July, compared to a level of 47.10 in the prior month. Market expectations were for the services PMI to climb to a level of 56.60.

Euro-zone services PMI advanced less than anticipated in July

In the Euro-zone, the final services PMI climbed to a level of 54.70 in July, compared to a reading of 48.30 in the prior month. Market were expecting the services PMI to rise to a level of 55.10.

German services PMI climbed less than expected in July

In Germany, the final services PMI rose to a level of 55.60 in July, compared to a reading of 47.30 in the previous month. Market anticipations were for the services PMI to climb to a level of 56.70.

US ISM non-manufacturing PMI unexpectedly advanced in July

In the US, the ISM non-manufacturing PMI unexpectedly climbed to a level of 58.10 in July, compared to a level of 57.10 in the previous month. Market expectations were for the non-manufacturing PMI to drop to 55.00.

US private sector employment advanced less than expected in July

In the US, the private sector employment rose by 167.00K in July, compared to a revised increase of 4314.00K jobs in the prior month. Markets were expecting private sector employment to record an advance of 1500.00K jobs.

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