Guardian Stockbrokers Key Economic News Wednesday 24 June 2020

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

UK manufacturing PMI climbed in June

In the UK, the preliminary manufacturing PMI rose to a level of 50.10 in June, compared to a reading of 40.70 in the previous month. Market expectations were for the manufacturing PMI to rise to a level of 45.00.

UK services PMI rose in June

In the UK, the flash services PMI recorded a rise to a reading of 47.00 in June, compared to a level of 29.00 in the prior month. Market expectations were for the services PMI to rise to a reading of 39.50.

Euro-zone manufacturing PMI advanced in June

In the Euro-zone, the preliminary manufacturing PMI rose to a level of 46.90 in June, compared to a reading of 39.40 in the previous month. Market anticipations were for the manufacturing PMI to advance to a level of 44.00.

German manufacturing PMI rose in June

In Germany, the flash manufacturing PMI climbed to a level of 44.60 in June, compared to a reading of 36.60 in the prior month. Markets were anticipating manufacturing PMI to advance to a level of 41.50.

US services PMI climbed in June

In the US, the flash services PMI rose to a level of 46.70 in June, compared to a reading of 37.50 in the previous month. Market expectations were for services PMI to advance to a level of 46.00.

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