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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales advanced more than expected in June
In the UK, retail sales rose 0.50% on a MoM basis in June, compared to a revised fall of 1.30% in the prior month. Markets were expecting retail sales to record a rise of 0.40%.
UK manufacturing PMI dropped more than anticipated in July
In the UK, the manufacturing PMI fell to a level of 60.40 in July, compared to reading of 63.90 in the previous month. Markets were expecting the manufacturing PMI to decline to 62.50.
Euro-zone manufacturing PMI fell less than expected in July
In the Euro-zone, the manufacturing PMI dropped to 62.60 in July, compared to reading of 63.40 in the prior month. Markets were expecting the manufacturing PMI to fall to a level of 62.50.
German manufacturing PMI unexpectedly rose in July
In Germany, the manufacturing PMI advanced to 65.60 in July, compared to a reading of 65.10 in the previous month. Markets were expecting the manufacturing PMI to fall to 64.20.
US manufacturing PMI unexpectedly climbed in July
In the US, the manufacturing PMI unexpectedly rose to 63.10 in July, compared to a reading of 62.10 in the prior month. Markets were expecting the manufacturing PMI to drop to 62.00.
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