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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI rose less than expected in July
In the UK, the final manufacturing PMI registered a rise to 53.30 in July, compared to a level of 50.10 in the prior month. Markets were expecting the manufacturing PMI to rise to a level of 53.60.
Euro-zone manufacturing PMI expanded in July
In the Euro-zone, the final manufacturing PMI climbed to 51.80 in July, compared to a level of 47.40 in the previous month. Market expectations were for the manufacturing PMI to rise to 51.10.
German manufacturing PMI climbed in July
In Germany, the final manufacturing PMI advanced to 51.00 in July, compared to a reading of 45.20 in the prior month. Markets were anticipating manufacturing PMI to advance to a level of 50.00.
US ISM manufacturing activity index unexpectedly advanced in July
In the US, the ISM manufacturing activity index recorded a rise to a level of 54.20 in July, compared to a reading of 52.60 in the prior month. Markets were expecting the ISM manufacturing index to record a rise to a level of 53.6.
US construction spending fell more than expected in June
In the US, construction spending eased 0.70% on a MoM basis in June, compared to a revised drop of 1.70% in the previous month. Markets were expecting construction spending to record a drop of 0.50%.
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