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Guardian Stockbrokers Key Economic News Thursday 3 October 2019

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

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UK construction PMI unexpectedly declined in September

In the UK, the construction PMI dropped unexpectedly to a level of 43.30 in September, lower than market expectations of an unchanged reading. In the previous month, the construction PMI had registered a reading of 45.00.

US private sector employment climbed less than expected in September

In the US, the private sector employment recorded an increase of 135.00 K in September, compared to a revised increase of 157.00 K in the previous month. Markets were anticipating the private sector employment to rise 140.00 K.

US mortgage applications climbed in the last week

In the US, mortgage applications registered a rise of 8.10% on a weekly basis, in the week ended 27 September 2019. In the prior week, mortgage applications had dropped 10.10%.

Australian trade surplus fell in August

In Australia, the seasonally adjusted trade surplus dropped to A$5926.00 million in August, from a revised trade surplus of A$7253.00 million in the previous month. Market expectation was for the nation to post a trade surplus of A$6000.00 million.

Japan services PMI dropped in September

In Japan, the services PMI fell to a level of 52.80 in September. In the prior month, the services PMI had registered to a level of 53.30.

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