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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 anticipated in August
In the UK, the S&P Global/CIPS manufacturing PMI fell to 42.50 in August, compared to a level of 45.30 in the previous month. Markets were expecting the PMI to fall to 45.00.
Euro-zone HCOB manufacturing PMI unexpectedly advanced in August
In the Euro-zone, the HCOB manufacturing PMI unexpectedly rose to 43.70 in August, compared to a level of 42.70 in the previous month.
Euro-zone HCOB services PMI declined more than anticipated in August
In the Euro-zone, the HCOB services PMI fell to 48.30 in August, compared to a level of 50.90 in the previous month. Markets were expecting the PMI to fall to 50.50.
Euro-zone consumer confidence index unexpectedly fell in August
In the Euro-zone, the consumer confidence index unexpectedly dropped to -16.00 in August, compared to a level of -15.10 in the prior month.
US S&P Global manufacturing PMI unexpectedly dropped in August
In the US, the S&P Global manufacturing PMI unexpectedly fell to 47.00 in August, compared to a level of 49.00 in the previous month.
US S&P Global services PMI fell more than anticipated in August
In the US, the S&P Global services PMI declined to 51.00 in August, compared to a level of 52.30 in the previous month. Markets were expecting the PMI to drop to 52.20.
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