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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI unexpectedly rose in February
In the UK, the preliminary manufacturing PMI unexpectedly climbed to a level of 51.90 in February. In the previous month, the manufacturing PMI had registered to a level of 50.00.
UK services PMI slid in February
In the UK, the preliminary services PMI dropped to a level of 53.30 in February, compared to a level of 53.90 in the previous month. Markets were anticipating the services PMI to drop to a level of 53.40.
Euro-zone manufacturing PMI climbed in February
In the Euro-zone, the preliminary manufacturing PMI rose to a level of 49.10 in February. The manufacturing PMI had recorded to a reading of 47.90 in the prior month.
Euro-zone services PMI rose in February
In the Euro-zone, the preliminary services PMI registered a rise to a level of 52.80 in February. Services PMI had recorded to a level of 52.50 in the prior month.
Euro-zone CPI declined in January
In the Euro-zone, the final consumer price index (CPI) recorded a drop of 1.00% on a MoM basis in January. In the previous month, the CPI had registered a rise of 0.30%.
US Markit manufacturing PMI fell more than expected in February
In the US, the preliminary Markit manufacturing PMI registered a drop to a level of 50.80 in February, more than market expectations of a drop to a level of 51.50. In the prior month, the Markit manufacturing PMI had registered to a reading of 51.90.
US Markit services PMI dropped in February
In the US, the flash Markit services PMI registered a drop to a level of 49.40 in February, more than market expectations of a fall to 53.00. In the prior month, Markit services PMI had recorded to a reading of 53.40.
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