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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone manufacturing PMI fell in July
In the Euro-zone, the preliminary manufacturing PMI dropped to 56.80 in July, compared to a reading of 57.40 in the prior month. Markets were anticipating the manufacturing PMI to fall to a level of 57.20.
Euro-zone composite PMI eased in July
The preliminary composite PMI in the Euro-zone registered a drop to 55.80 in July, lower than market expectations of a fall to 56.20. Composite PMI had registered a reading of 56.30 in the prior month.
Euro-zone services PMI remained unchanged in July
In July, the preliminary services PMI in the Euro-zone remained steady at 55.40. Markets were expecting services PMI to remain unchanged.
German manufacturing PMI dropped in July
The flash manufacturing PMI recorded a drop to 58.30 in Germany, in July, compared to a reading of 59.60 in the prior month. Markets were expecting manufacturing PMI to drop to a level of 59.20.
German services PMI surprisingly eased in July
The preliminary services PMI dropped unexpectedly to 53.50 in July, in Germany, lower than market expectations of an advance to 54.30. Services PMI had recorded a level of 54.00 in the previous month.
French manufacturing PMI unexpectedly climbed in July
In France, the flash manufacturing PMI registered an unexpected rise to 55.40 in July, compared to a reading of 54.80 in the previous month. Market expectation was for manufacturing PMI to drop to a level of 54.60.
French services PMI dropped in July
The preliminary services PMI recorded a drop to 55.90 in July, in France, lower than market expectations of a drop to 56.70. Services PMI had recorded a level of 56.90 in the previous month.
US Markit manufacturing PMI rose in July
The flash Markit manufacturing PMI in the US advanced to 53.20 in July, compared to market expectations of an advance to 52.30. The Markit manufacturing PMI had registered a reading of 52.00 in the prior month.
US Markit composite PMI rose in July
The preliminary Markit composite PMI in the US advanced to 54.20 in July, compared to a reading of 53.00 in the prior month.
US existing home sales unexpectedly eased in June
Existing home sales in the US recorded an unexpected drop of 1.80%, on MoM basis, to a level of 5.52 million in June, compared to market expectations of 5.57 million. In the prior month, existing home sales had recorded a level of 5.57 million.
US Markit services PMI remained flat in July
The preliminary Markit services PMI in the US remained unchanged at a level of 54.20 in July. Market expectation was for Markit services PMI to record a flat reading.
Canadian wholesale sales rose more than expected in May
On a MoM basis, wholesale sales rose 0.90% in Canada, in May, higher than market expectations for an advance of 0.50%. In the prior month, wholesale sales had climbed by a revised 0.80%.
Japanese coincident index dropped in May
The final coincident index eased to 115.80 in Japan, in May. The coincident index had registered a reading of 117.10 in the prior month. The preliminary figures had recorded a drop to 115.50.
Japanese supermarket sales declined in June
Supermarket sales in Japan eased 1.20% in June on a YoY basis. In the previous month, supermarket sales had recorded a drop of 1.80%.
Japanese leading economic index climbed in May
The final leading economic index rose to a level of 104.60 in May, in Japan. In the previous month, the leading economic index had recorded a reading of 104.20. The preliminary figures had indicated a rise to 104.70.
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