The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone manufacturing PMI advanced unexpectedly in July
In the Euro-zone, the flash manufacturing PMI recorded an unexpected rise to a level of 55.10 in July, compared to a reading of 54.90 in the prior month. Market anticipation was for the index to fall to a level of 54.70.
German manufacturing PMI climbed surprisingly in July
The flash manufacturing PMI in Germany registered an unexpected rise to a level of 57.30 in July, compared to market expectations of a fall to a level of a reading of 55.50. The index had recorded a reading of 55.90 in the prior month.
US services PMI dropped in July
The flash Markit services PMI in the US registered a drop to a level of 56.20 in July, compared to a level of 56.50 in the prior month. Market expectation was for the index to ease to a level of 56.30.
US manufacturing PMI climbed surprisingly in July
The US flash Markit manufacturing PMI unexpectedly climbed to a level of 55.50 in July, compared to market expectations of a drop to a reading of 55.10. The index had recorded a reading of 55.40 in the previous month.
US housing price index advanced less than expected in May
In the US, the housing price index recorded a rise of 0.20% on a MoM basis, in May, compared to a revised similar rise in the prior month. Market expectation was for the index to climb 0.30%.
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