Guardian Stockbrokers Key Economic News Thursday 2 September 2021

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

UK manufacturing PMI fell less than expected in August

In the UK, the final manufacturing PMI recorded a drop to 60.30 in August, compared to a level of 60.40 in the previous month. Markets were expecting the manufacturing PMI to fall to 60.10.

UK house prices climbed more than expected in August

In the UK, the seasonally adjusted house prices advanced 2.10% on a MoM basis in August, compared to a revised rise of 0.60% in the prior month. Markets were expecting the house prices to record a rise of 0.20%.

Euro-zone manufacturing PMI dropped more than expected in August

In the Euro-zone, the final manufacturing PMI fell to a level of 61.40 in August, compared to a reading of 62.80 in the prior month. Markets were expecting the manufacturing PMI to record a fall to 61.50.

German manufacturing PMI dropped more than anticipated in August

In Germany, the final manufacturing PMI fell to a level of 62.60 in August, compared to a reading of 65.90 in the previous month. Markets were expecting the manufacturing PMI to record a drop to 62.70.

US ISM manufacturing activity index unexpectedly rose in August

In the US, the ISM manufacturing index unexpectedly rose to a level of 59.90 in August, compared to a level of 59.50 in the previous month. Markets were expecting the manufacturing index to drop to a level of 58.60.

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