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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped in November
In the UK, the preliminary manufacturing PMI recorded a drop to a level of 48.30 in November, compared to a level of 49.60 in the prior month. Markets were anticipating the manufacturing PMI to fell to a reading of 49.00.
UK services PMI declined in November
In the UK, the services PMI declined to a level of 48.60 in November, compared to a level of 50.00 in the prior month.
Euro-zone manufacturing PMI climbed in November
In the Euro-zone, the preliminary manufacturing PMI climbed to a level of 46.60 in November, compared to a level of 45.90 in the prior month. Markets were expecting the manufacturing PMI to advance to a level of 46.40.
Euro-zone services PMI surprisingly dropped in November
In the Euro-zone, the preliminary services PMI registered an unexpected drop to a level of 51.50 in November, compared to market expectations of an advance to a reading of 52.50. In the previous month, services PMI had registered a level of 52.20.
US services PMI climbed in November
In the US, the preliminary services PMI climbed to a level of 51.60 in November, compared to market expectations of a rise to a level of 51.00. The services PMI had recorded to a reading of 50.60 in the previous month.
US manufacturing PMI advanced in November
In the US, the preliminary manufacturing PMI recorded a rise to a level of 52.20 in November, compared to a level of 51.30 in the prior month. Markets were anticipating the manufacturing PMI to rise to a reading of 51.50.
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