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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped more than expected in September
In the UK, the final manufacturing PMI eased to a level of 54.10 in September, compared to a reading of 55.20 in the previous month. Markets were expecting the manufacturing PMI to fall to a level of 54.30.
Euro-zone manufacturing PMI climbed in September
In the Euro-zone, the final manufacturing PMI advanced to a reading of 53.70 in September, as expected and compared to a level of 51.70 in the prior month.
German manufacturing PMI rose less than anticipated in September
In Germany, the final manufacturing PMI registered a rise to a reading of 56.40 in September, compared to a level of 52.20 in the prior month. Market anticipations were for manufacturing PMI to climb to a level of 56.60.
Euro-zone unemployment rate climbed in August
In the Euro-zone, unemployment rate registered a rise to 8.10% in August, as expected and compared to a revised rate of 8.00% in the previous month.
US ISM manufacturing activity index unexpectedly dropped in September
In the US, the ISM manufacturing activity index unexpectedly declined to a level of 55.40 in September, compared to a level of 56.00 in the prior month. Markets were expecting the ISM manufacturing activity to record an advance to 56.30.
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