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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI fell more than anticipated in January
In the UK, the preliminary manufacturing PMI dropped to a level of 52.90 in January, compared to a reading of 57.50 in the previous month. Markets were expecting the manufacturing PMI to record a fall to a level of 54.00.
UK services PMI dropped more than expected in January
In the UK, the preliminary services PMI registered a drop to a reading of 38.80 in January, compared to a level of 49.40 in the prior month. Markets were expecting the UK services PMI to record a fall to a level of 45.00.
Eurozone manufacturing PMI dropped less than anticipated in January
In the Eurozone, the preliminary manufacturing PMI declined to a reading of 54.70 in January, compared to a level of 55.20 in the prior month. Market expectations were for the manufacturing PMI to record a fall to a level of 54.50.
German manufacturing PMI dropped more than expected in January
In Germany, the flash manufacturing PMI dropped to a reading of 57.00 in January, compared to a level of 58.30 in the previous month. Markets were expecting the manufacturing PMI to record a fall to 57.50.
US manufacturing PMI unexpectedly rose in January
In the US, the flash manufacturing PMI registered an unexpected rise to a level of 59.10 in January, compared to a level of 57.10 in the previous month. Markets were expecting the manufacturing PMI to record a drop to a level of 56.50.
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