The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI advanced unexpectedly in October
In October, the manufacturing PMI recorded an unexpected rise to 55.50 in the UK, compared to a revised level of 51.80 in the previous month. Market anticipation was for the manufacturing PMI to fall to a level of 51.30.
Euro-zone manufacturing PMI climbed surprisingly in October
In the Euro-zone, the final manufacturing PMI advanced unexpectedly to 52.30 in October, compared to a reading of 52.00 in the previous month. The preliminary figures had recorded an unchanged reading. Markets were anticipating the manufacturing PMI to record a flat reading.
German manufacturing PMI dropped in October
The final manufacturing PMI registered a drop to 52.10 in Germany, in October, compared to a reading of 52.30 in the previous month. Markets were anticipating manufacturing PMI to ease to 51.60. The preliminary figures had indicated a fall to 51.60.
French manufacturing PMI steadied in October
The final manufacturing PMI remained steady at 50.60 in October, in France. Markets were expecting to climb to a level of 50.70. The preliminary figures had indicated a rise to 50.70.
Italian manufacturing PMI climbed in October
The manufacturing PMI rose to a level of 54.10 in Italy, in October, compared to a level of 52.70 in the previous month. Markets were expecting the manufacturing PMI to climb to a level of 53.10.
Spanish manufacturing PMI slid surprisingly in October
In Spain, the manufacturing PMI eased unexpectedly to 51.30 in October, lower than market expectations of a rise to 52.00. In the prior month, the manufacturing PMI had recorded a reading of 51.70.
Swiss real retail sales recorded a rise in September
On an annual basis, real retail sales in Switzerland advanced 0.20% in September. Real retail sales had registered a revised drop of 0.60% in the previous month.
Swiss SVME manufacturing PMI registered a rise in October
In October, the SVME manufacturing PMI in Switzerland advanced to 50.70, higher than market expectations of an advance to a level of 50.10. The SVME manufacturing PMI had registered a reading of 49.50 in the previous month.
US ISM new orders advanced in October
In the US, ISM new orders registered a rise to 52.90 in October. In the prior month, ISM new orders had registered a reading of 50.10.
US ISM backlog orders advanced in October
ISM backlog orders recorded a rise to 42.50 in the US, in October. In the previous month, ISM backlog orders had registered a reading of 41.50.
US ISM production registered a rise in October
In October, ISM production climbed to 52.90 in the US. ISM production had recorded a level of 51.80 in the prior month.
US Markit manufacturing PMI advanced in October
In October, the final Markit manufacturing PMI in the US climbed to 54.10, higher than market expectations of an advance to a level of 54.00. The Markit manufacturing PMI had recorded a level of 53.10 in the prior month. The preliminary figures had indicated an advance to 54.00.
US ISM inventories dropped in October
In October, ISM inventories in the US registered a drop to 46.50, compared to a level of 48.50 in the previous month.
US ISM prices paid index registered a rise in October
The ISM prices paid index rose to a level of 39.00 in the US, in October, higher than market expectations of a rise to a level of 38.80. The ISM prices paid index had registered a reading of 38.00 in the previous month.
US construction spending advanced more than expected in September
On a monthly basis, in September, construction spending rose 0.60% in the US, compared to a rise of 0.70% in the prior month. Market expectation was for construction spending to advance 0.50%.
US ISM manufacturing activity index declined in October
In October, the ISM manufacturing activity index registered a drop to 50.10 in the US, compared to a reading of 50.20 in the previous month. Market anticipation was for the ISM manufacturing activity index to ease to 50.00.
Japanese vehicle sales recorded a rise in October
Vehicle sales recorded a rise of 0.20% on a YoY basis in Japan, in October. In the previous month, vehicle sales had registered a drop of 3.00%.
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