Guardian Stockbrokers Key Economic News Monday 27 July 2020

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

UK manufacturing PMI advanced in July

In the UK, the preliminary manufacturing PMI rose to a level of 53.60 in July, compared to a reading of 50.10 in the prior month. Market anticipations were for the manufacturing PMI to advance to a level of 52.00.

UK retail sales climbed more than expected in June

In the UK, retail sales advanced 13.90% on a MoM basis in June, compared to a revised rise of 12.30% in the previous month. Markets were expecting retail sales to record an advance of 8.00%.

Euro-zone manufacturing PMI expanded in July

In the Euro-zone, the preliminary manufacturing PMI climbed to a reading of 51.10 in July, compared to a level of 47.40 in the prior month. Market anticipations were for the manufacturing PMI to advance to a level of 50.00.

German manufacturing PMI rose in July

In Germany, the preliminary manufacturing PMI registered a rise to a level of 50.00 in July, compared to a reading of 45.20 in the previous month. Market anticipations were for manufacturing PMI to advance to a level of 48.00.

US Markit manufacturing PMI advanced less than expected in July

In the US, the flash Markit manufacturing PMI climbed less than anticipated to a level of 51.30 in July, compared to a reading of 49.80 in the prior month. Markets were expecting the Markit manufacturing PMI to record an advance to a level of 51.50.

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