Guardian Stockbrokers Key Economic News Tuesday 22 February 2022

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

UK Rightmove house price index rose in February

In the UK, the house price index advanced 2.30% on a MoM basis in February, compared to a rise of 0.30% in the prior month.

UK manufacturing PMI remained steady in February

In the UK, the preliminary manufacturing PMI remained unchanged at 57.30 in February. Markets were expecting the manufacturing PMI to drop to a level of 57.20.

UK services PMI advanced more than anticipated in February

In the UK, the preliminary services PMI advanced to a reading of 60.80 in February, compared to a level of 54.10 in the prior month. Markets were expecting the services PMI to climb to 55.50.

Euro-zone manufacturing PMI unexpectedly dropped in February

In the Euro-zone, the preliminary manufacturing PMI unexpectedly declined to a level of 58.40 in February, compared to a reading of 58.70 in the prior month. Market anticipations were for the manufacturing PMI to remain steady at a level of 58.70.

German manufacturing PMI fell more than anticipated in February

In Germany, the preliminary manufacturing PMI dropped to a level of 58.50 in February, compared to a reading of 59.80 in the previous month. Markets were expecting the manufacturing PMI to drop to a level of 59.50.

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