Guardian Stockbrokers Key Economic News Wednesday 5 September 2018
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Mark Carney willing to continue as BoE Governor
The Bank of England (BoE) Governor, Mark Carney, expressed his willingness to remain as the BoE Governor post Brexit and help in smooth Brexit transition next March.
UK construction PMI fell in August
The UK construction PMI eased to a level of 52.90 in August, compared to market expectations of a drop to a level of 54.90. The index had recorded a reading of 55.80 in the prior month.
US Markit manufacturing PMI dropped in August
The final Markit manufacturing PMI in the US registered a drop to a level of 54.70 in August, compared to market expectations of a fall to a level of 54.50. In the prior month, the index had registered a level of 55.30.
US ISM manufacturing activity index unexpectedly rose in August
The US ISM manufacturing activity index registered an unexpected rise to a level of 61.30 in August, compared to a reading of 58.10 in the previous month. Market expectation was for the index to ease to 57.60.
US construction spending advanced less than expected in July
In the US, construction spending recorded a rise of 0.10% on a MoM basis, in July, lower than market expectations for an advance of 0.40%. Construction spending had dropped by a revised 0.80% in the prior month.
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