The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.