Guardian Stockbrokers Key Economic News Monday 4 July 2022

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

UK manufacturing PMI dropped more than expected in June

In the UK, the S&P Global manufacturing PMI fell to 52.80 in June, compared to a reading of 54.60 in the prior month. Markets were expecting the manufacturing PMI to fall to 53.40.

Euro-zone manufacturing PMI dropped less than anticipated in June

In the Euro-zone, the S&P Global manufacturing PMI fell to 52.10 in June, compared to a reading of 54.60 in the prior month. Markets were expecting the manufacturing PMI to fall to 52.00.

Euro-zone CPI advanced more than expected in June

In the Euro-zone, the CPI climbed 8.60% on a YoY basis in June, compared to a rise of 8.10% in the previous month. Markets expectations were for the CPI to record a rise of 8.40%.

German manufacturing PMI dropped as anticipated in June

In Germany, the final manufacturing PMI fell to a level of 52.00 in June, in line with market expectations and compared to a reading of 54.80 in the previous month.

US ISM manufacturing PMI dropped more than expected in June

In the US, the ISM manufacturing PMI fell to 53.00 in June, compared to a reading of 56.10 in the prior month. Markets were expecting the manufacturing PMI to drop to 54.90.

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