Guardian Stockbrokers Key Economic News Wednesday 24 August 2022

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

UK manufacturing PMI dropped more than anticipated in August

In the UK, the S&P Global/CIPS manufacturing PMI fell to a level of 46.00 in August, compared to a reading of 52.10 in the prior month. Markets were anticipating the manufacturing PMI to drop to 51.10.

Euro-zone manufacturing PMI declined less than expected in August

In the Euro-zone, the S&P Global manufacturing PMI fell to 49.70 in August, compared to a reading of 49.80 in the previous month. Markets were expecting the manufacturing PMI to drop to 49.00.

Euro-zone consumer confidence index unexpectedly advanced in August

In the Euro-zone, the consumer confidence index unexpectedly rose to -24.90 in August, compared to a reading of -27.00 in the prior month. Market expectations were for the index to fall to -28.00.

German manufacturing PMI unexpectedly climbed in August

In Germany, the S&P Global/BME manufacturing PMI unexpectedly rose to 49.80 in August, compared to a reading of 49.30 in the previous month. Markets were expecting the manufacturing PMI to drop to 48.20.

US manufacturing PMI fell more than anticipated in August

In the US, the S&P Global manufacturing PMI fell to 51.30 in August, compared to a reading of 52.20 in the prior month. Markets anticipations were for the manufacturing PMI to drop to 52.00.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Windsor Brokers

• 

  James Cummings

• 

  Ben Branson

• 

  Charlie Hayter