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Guardian Stockbrokers Key Economic News Monday 4 November 2019

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

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UK manufacturing PMI surprisingly rose in October

In the UK, the manufacturing PMI recorded an unexpected rise to a level of 49.60 in October, compared to market expectations of a fall to a level of 48.10. In the previous month, the manufacturing PMI had registered to a level of 48.30.

US non-farm payrolls rose in October

In the US, non-farm payrolls recorded an increase of 128.00 K in October, more than market anticipations of an advance of 89.00 K. Non-farm payrolls had recorded a revised gain of 180.00 K in the prior month.

US unemployment rate advanced in October

In the US, unemployment rate recorded a rise to a level of 3.60% in October, in line with market expectations. Unemployment rate had recorded a reading of 3.50% in the prior month.

US ISM manufacturing PMI climbed in October

In the US, the ISM manufacturing PMI registered a rise to a level of 48.30 in October, compared to a reading of 47.80 in the previous month. Markets were anticipating the ISM manufacturing PMI to advance to a level of 48.90.

US construction spending rose more than expected in September

In the US, construction spending rose 0.50% on a monthly basis in September, higher than market expectations for a rise of 0.20%. In the prior month, construction spending had dropped by a revised 0.30%.

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