Guardian Stockbrokers Key Economic News Tuesday 3 August 2021

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

UK manufacturing PMI dropped as expected in July

In the UK, the manufacturing PMI fell to 60.40 in July, in line with market expectations and compared to a level of 63.90 in the prior month.

Euro-zone manufacturing PMI fell in July

In the Euro-zone, the manufacturing PMI dropped to 62.80 in July, compared to a level of 63.40 in the previous month. Markets were expecting the manufacturing PMI to drop to a level of 62.60.

German manufacturing PMI rose more than expected in July

In Germany, the manufacturing PMI advanced to 65.90 in July, compared to a level of 65.10 in the prior month. Markets were expecting the manufacturing PMI to rise to a reading of 65.60.

German retail sales advanced more than expected in June

In Germany, retail sales rose 4.20% on a MoM basis in June, compared to a rise of 4.20% in the previous month. Markets were expecting retail sales to record an advance of 2.00%.

US ISM manufacturing activity index unexpectedly dropped in July

In the US, the ISM manufacturing activity index unexpectedly fell to 59.50 in July, compared to a level of 60.60 in the prior month. Markets were expecting the index to record an advance to 60.90.

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