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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI unexpectedly rose in September
In the UK, the services PMI advanced to 55.40 in September, compared to a reading of 55.00 in the prior month. Markets were expecting the services PMI to drop to a level of 54.60.
Euro-zone services PMI dropped less than expected in September
In the Euro-zone, the services PMI fell to 56.40 in September, compared to a level of 59.00 in the previous month. Markets were expecting the services PMI to fall to a level of 56.00.
Euro-zone PPI advanced less than market forecast in August
In the Euro-zone, the producer price index (PPI) climbed 13.40% on a YoY basis in August, compared to a revised rise of 12.40% in the prior month. Markets were expecting the index to record a rise of 13.50%.
German services PMI declined less than anticipated in September
In Germany, the services PMI dropped to 56.20 in September, compared to a reading of 60.80 in the previous month. Markets were expecting the services PMI to drop to 56.00.
US ISM services PMI unexpectedly rose in September
In the US, the ISM services PMI advanced to 61.90 in September, compared to a level of 61.70 in the prior month. Markets were expecting the services PMI to fall to a level of 60.00.
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