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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK official reserves advanced in July
In July, official reserves climbed $219.00 million in the UK. In the prior month, official reserves had risen $1619.00 million.
UK services PMI dropped in July
In July, the final services PMI in the UK eased to 47.40, compared to a level of 52.30 in the previous month. The preliminary figures had also recorded a fall to 47.40. Market anticipation was for the services PMI to fall to a level of.
Euro-zone services PMI recorded an unexpected rise in July
The final services PMI rose unexpectedly to a level of 52.90 in July, in the Euro-zone, higher than market expectations of a fall to a level of 52.70. The preliminary figures had recorded a fall to 52.70. In the previous month, services PMI had recorded a level of 52.80.
Euro-zone retail sales remained steady in June
On a monthly basis in the Euro-zone, the seasonally adjusted retail sales remained unchanged in June, meeting market expectations. In the prior month, retail sales had risen 0.40%.
Euro-zone composite PMI surprisingly rose in July
In the Euro-zone, the final composite PMI advanced unexpectedly to a level of 53.20 in July, higher than market expectations of a fall to 52.90. The preliminary figures had recorded a drop to 52.90. In the prior month, composite PMI had recorded a level of 53.10.
German services PMI advanced in July
The final services PMI in Germany rose to a level of 54.40 in July, compared to a level of 53.70 in the previous month. The preliminary figures had recorded an advance to 54.60. Market expectation was for services PMI to advance to a level of 54.60.
French services PMI registered a rise in July
In France, the final services PMI climbed to 50.50 in July, higher than market expectations of an advance to 50.30. In the previous month, services PMI had recorded a reading of 49.90. The preliminary figures had recorded an advance to 50.30.
Italian services PMI climbed surprisingly in July
The services PMI rose unexpectedly to 52.00 in July, in Italy, compared to market expectations of a fall to a level of 51.00. The services PMI had registered a reading of 51.90 in the previous month.
Spanish services PMI registered a drop in July
The services PMI registered a drop to 54.10 in Spain, in July, lower than market expectations of a drop to 55.20. In the prior month, the services PMI had recorded a level of 56.00.
US Markit services PMI remained steady in July
The final Markit services PMI in the US remained unchanged at a level of 51.40 in July, higher than market expectations of a drop to 51.00. The preliminary figures had recorded a fall to 50.90.
Private sector employment in the US recorded an increase in July
The private sector employment advanced by 179.00 K in the US, in July, compared to market expectations of an advance of 170.00 K. The private sector employment had registered a revised gain of 176.00 K in the prior month.
US mortgage applications fell in the last week
In the US, mortgage applications slid 3.50% on a weekly basis, in the week ended 29 July 2016. Mortgage applications had fallen 11.20% in the prior week.
US Markit composite PMI climbed in July
In the US, the final Markit composite PMI climbed to 51.80 in July, compared to a level of 51.20 in the previous month. The preliminary figures had indicated a rise to 51.50.
US non-manufacturing PMI dropped in July
The non-manufacturing PMI registered a drop to 55.50 in the US, in July, compared to a level of 56.50 in the prior month. Market anticipation was for the non-manufacturing PMI to fall to 55.90.
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