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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI advanced more than expected in September
In the UK, the S&P Global/CIPS manufacturing PMI climbed to 48.50 in September, compared to a reading of 47.30 in the prior month. Markets were expecting the manufacturing PMI to rise to 47.50.
UK house price index rose in September
In the UK, the Rightmove house price index rose 0.70% on a MoM basis in September, compared to a drop of -1.30% in the prior month.
Euro-zone manufacturing PMI dropped more than anticipated in September
In the Euro-zone, the S&P Global manufacturing PMI fell to 48.50 in September, compared to a reading of 49.60 in the previous month. Markets were anticipating the manufacturing PMI to fall to 48.70.
German manufacturing PMI dropped as expected in September
In Germany, the S&P Global/BME manufacturing PMI fell to 48.30 in September, at par with market expectations and compared to a reading of 49.10 in the prior month.
US manufacturing PMI unexpectedly advanced in September
In the US, the S&P Global manufacturing PMI unexpectedly climbed to 51.80 in September, compared to a reading of 51.50 in the previous month. Market anticipations were for the manufacturing PMI to drop to 51.10.
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