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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped more than expected in September
In the UK, the flash manufacturing PMI recorded a drop to a reading of 54.30 in September, compared to a level of 55.20 in the previous month. Markets were expecting the manufacturing PMI to ease to a level of 54.10.
UK services PMI dropped more than anticipated in September
In the UK, the flash services PMI recorded a drop to a level of 55.10 in September, compared to a reading of 58.80 in the prior month. Markets were expecting the services PMI to fall to 56.00.
Euro-zone manufacturing PMI rose in September
In the Euro-zone, the flash manufacturing PMI rose to a level of 53.70 in September, compared to a level of 51.70 in the prior month. Market anticipations were for the manufacturing PMI to advance to a level of 51.90.
German manufacturing PMI advanced in September
In Germany, the preliminary manufacturing PMI registered a rise to a reading of 56.60 in September, compared to a level of 52.20 in the prior month. Markets were anticipating manufacturing PMI to climb to a level of 52.50.
US Markit manufacturing PMI unexpectedly rose in September
In the UK, the flash Markit manufacturing PMI unexpectedly advanced to a level of 53.50 in September, compared to a level of 53.10 in the prior month. Market expectations were for the Markit manufacturing PMI to record a flat of 53.10.
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