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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI declined in July
In July, the final manufacturing PMI in the UK recorded a drop to 48.20, compared to a level of 52.10 in the previous month. Markets were expecting the manufacturing PMI to ease to 49.10. The preliminary figures had recorded a drop to 49.10.
Euro-zone manufacturing PMI declined in July
In July, the final manufacturing PMI in the Euro-zone dropped to 52.00, compared to market expectations of a fall to 51.90. The preliminary figures had indicated a fall to 51.90. In the previous month, the manufacturing PMI had recorded a level of 52.80.
German manufacturing PMI declined in July
The final manufacturing PMI registered a drop to 53.80 in July, in Germany, compared to market expectations of a fall to 53.70. The preliminary figures had indicated a drop to 53.70. In the previous month, manufacturing PMI had recorded a reading of 54.50.
French manufacturing PMI advanced in July
In France, the final manufacturing PMI climbed to 48.60 in July, compared to a reading of 48.30 in the prior month. The preliminary figures had also recorded an advance to 48.60. Market expectation was for manufacturing PMI to rise to a level of.
Italian manufacturing PMI fell in July
The manufacturing PMI in Italy registered a drop to 51.20 in July, compared to market expectations of a drop to a level of 52.50. In the previous month, the manufacturing PMI had registered a reading of 53.50.
Spanish manufacturing PMI slid in July
Compared to a level of 52.20 in the prior month the manufacturing PMI recorded a drop to 51.00 in July, in Spain. Markets were expecting the manufacturing PMI to ease to a level of 51.50.
Fed’s Dudley cautioned over potential rate rise
The New York Fed President, William Dudley, suggested that the US Federal Reserve (Fed) should tread cautiously before considering the next interest rate increase due to lingering risks at home and abroad. However, he also indicated that it was “premature” to rule out a policy tightening in 2016.
US ISM manufacturing activity index declined in July
The ISM manufacturing activity index fell to a level of 52.60 in July, in the US, lower than market expectations of a fall to a level of 53.00. The ISM manufacturing activity index had recorded a level of 53.20 in the previous month.
US ISM backlog orders dropped in July
ISM backlog orders in the US registered a drop to 48.00 in July, compared to a level of 52.50 in the prior month.
US ISM production registered a rise in July
ISM production rose to a level of 55.40 in the US, in July. ISM production had recorded a level of 54.70 in the previous month.
US ISM new orders declined in July
In July, ISM new orders registered a drop to 56.90 in the US. ISM new orders had recorded a level of 57.00 in the previous month.
US construction spending unexpectedly fell in June
In June, construction spending in the US registered an unexpected drop of 0.60% on a monthly basis, compared to a revised drop of 0.10% in the previous month. Market expectation was for construction spending to advance 0.50%.
US ISM inventories advanced in July
ISM inventories rose to a level of 49.50 in July, in the US. ISM inventories had recorded a reading of 48.50 in the prior month.
US ISM prices paid index fell unexpectedly in July
In July, the ISM prices paid index in the US eased unexpectedly to 55.00, compared to market expectations of an advance to 61.00. The ISM prices paid index had recorded a level of 60.50 in the previous month.
US Markit manufacturing PMI rose in July
The final Markit manufacturing PMI in the US registered a rise to 52.90 in July, at par with market expectations. In the prior month, the Markit manufacturing PMI had recorded a reading of 51.30. The preliminary figures had also recorded an advance to 52.90.
Japanese monetary base registered a rise in July
The monetary base recorded a rise of 24.70% on a YoY basis, in July, in Japan. The monetary base had advanced 25.40% in the prior month.
Japanese vehicle sales recorded a drop in July
In July, on a YoY basis, vehicle sales in Japan recorded a drop of 0.20%. Vehicle sales had registered a rise of 3.00% in the previous month.
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