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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped less than expected in August
In the UK, the flash manufacturing PMI fell to a level of 60.10 in August, compared to a reading of 60.40 in the prior month. Markets were expecting the manufacturing PMI to record a fall to a level of 59.50.
Euro-zone manufacturing PMI fell more than market forecast in August
In the Euro-zone, the manufacturing PMI dropped to a level of 61.50 in August, compared to a level of 62.80 in the previous month. Markets were expecting the manufacturing PMI to drop to a level of 62.00.
Euro-zone consumer confidence index dropped in August
In the Euro-zone, the consumer confidence index fell to -5.30 in August, compared to a reading of -4.40 in the prior month. Markets were expecting the index to fall to a level of -5.00.
German manufacturing PMI declined more than anticipated in August
In Germany, the manufacturing PMI fell to a level of 62.70 in August, compared to a level of 65.90 in the previous month. Markets were expecting the manufacturing PMI to fall to a level of 65.00.
US manufacturing PMI fell more than expected in August
In the US, the manufacturing PMI dropped to 61.20 in August, compared to a level of 63.40 in the prior month. Markets were expecting the manufacturing PMI to drop to 62.50.
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