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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI advanced less than expected in May
In the UK, the final manufacturing PMI rose to a level of 65.60 in May, compared to a level of 60.90 in the previous month. Market anticipations were for the manufacturing PMI to advance to 66.10.
Euro-zone’s CPI rose in May
In the Euro-zone, the flash consumer price index (CPI) rose 2.00% on a YoY basis in May, compared to a rise of 1.60% in the previous month.
Euro-zone manufacturing PMI unexpectedly rose in May
In the Euro-zone, the final manufacturing PMI unexpectedly rose to a level of 63.10 in May, compared to a level of 62.90 in the previous month. Markets were anticipating the manufacturing PMI to drop to a level of 62.80.
German manufacturing PMI dropped less than anticipated in May
In Germany, the final manufacturing PMI dropped to 64.40 in May, compared to a level of 66.20 in the prior month. Markets were expecting the manufacturing PMI to record a drop to 64.00.
US ISM manufacturing index rose more than expected in May
In the US, the ISM manufacturing activity index rose to a level of 61.20 in May, compared to a reading of 60.70 in the prior month. Markets were expecting the index to record a rise to a level of 60.90.
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