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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI advanced unexpectedly in September
In the UK, the manufacturing PMI advanced unexpectedly to a level of 8.30 in September, compared to market expectations of a drop to a level of 47.00. In the previous month, the manufacturing PMI had registered a reading of 47.40.
Euro-zone CPI advanced less than expected in September
In the Euro-zone, the preliminary consumer price index (CPI) registered a rise of 0.90% on YoY basis in September, compared to an advance of 1.00% in the previous month. Market anticipation was for the CPI to advance 1.00%.
Euro-zone manufacturing PMI dropped in September
In the Euro-zone the final manufacturing PMI recorded a drop to 45.70 in September, compared to a reading of 47.00 in the prior month. Markets were anticipating the manufacturing PMI to fall to a level of 45.60.
German manufacturing PMI fell in September
In Germany, the final manufacturing PMI dropped to a level of 41.70 in September, compared to a reading of 43.50 in the previous month. Markets were anticipating manufacturing PMI to drop to a level of 41.40.
US ISM manufacturing PMI unexpectedly dropped in October
In the US, the ISM manufacturing PMI eased unexpectedly to a level of 47.80 in October, lower than market expectations of a rise to 50.00. In the previous month, the index had recorded a level of 49.10.
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