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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global/CIPS manufacturing PMI dropped more than expected in July
In the UK, the S&P Global/CIPS manufacturing PMI fell to 45.00 in July, compared to a level of 46.50 in the prior month. Markets were expecting the PMI to rise to 46.10.
UK S&P Global/CIPS services PMI fell more than anticipated in July
In the UK, the S&P Global/CIPS services PMI declined to 51.50 in July, compared to a level of 53.70 in the previous month. Market anticipations were for the PMI to drop to 53.00.
Euro-zone HCOB manufacturing PMI unexpectedly declined in July
In the Euro-zone, the HCOB manufacturing PMI unexpectedly fell to 42.70 in July, compared to a level of 43.40 in the previous month.
Euro-zone HCOB services PMI fell more than expected in July
In the Euro-zone, the HCOB services PMI dropped to 51.10 in July, compared to a level of 52.00 in the prior month. Markets were expecting the PMI to fall to 51.50.
German HCOB manufacturing PMI unexpectedly dropped in July
In Germany, the HCOB manufacturing PMI unexpectedly declined to 38.80 in July, compared to a level of 40.60 in the previous month.
US Chicago Fed National Activity Index unexpectedly fell in June
In the US, the Chicago Fed National Activity Index unexpectedly dropped to a level of -0.32 in June, compared to a revised level of -0.28 recorded in the previous month.
US S&P Global manufacturing PMI advanced in July
In the US, the S&P Global manufacturing PMI rose to a level of 49.00 in July, more than market expectations for a rise to a level of 46.40. The S&P Global manufacturing PMI had recorded a level of 46.30 in the previous month.
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