Guardian Stockbrokers Key Economic News Tuesday 4 October 2022

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

UK manufacturing PMI advanced less than expected in September

In the UK, the S&P Global/CIPS manufacturing PMI rose to 48.40 in September, compared to a reading of 47.30 in the previous month. Markets were expecting the manufacturing PMI to rise to 48.50.

Euro-zone manufacturing PMI declined more than anticipated in September

In the Euro-zone, the S&P Global manufacturing PMI fell to 48.40 in September, compared to a reading of 49.60 in the prior month. Markets were anticipating the manufacturing PMI to fall to 48.50.

German manufacturing PMI dropped more than expected in September

In Germany, the S&P Global/CIPS manufacturing PMI fell to 47.80 in September, compared to a reading of 49.10 in the previous month. Market anticipations were for the manufacturing PMI to fall to 48.30.

US ISM manufacturing PMI fell more than anticipated in September

In the US, the ISM manufacturing PMI fell to 50.90 in September, compared to a reading of 52.80 in the prior month. Market expectations were for the manufacturing PMI to fall to 52.20.

US construction spending dropped more than expected in August

In the US, construction spending fell 0.70% on a MoM basis in August, compared to a revised drop of 0.60% in the previous month. Markets were expecting construction spending to record a fall of 0.30%.

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