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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped in October
In the UK, the flash manufacturing PMI dropped to a level of 53.30 in October, compared to a reading of 54.10 in the prior month. Market expectations were for the manufacturing PMI to ease to a level of 53.10.
UK services PMI dropped in October
In the UK, the preliminary services PMI eased to 52.30 in October, compared to a level of 56.10 in the previous month. Market expectations were for the services PMI to fall to 54.00.
Euro-zone manufacturing PMI unexpectedly rose in October
In the Euro-zone, the flash manufacturing PMI recorded an unexpected rise to a level of 54.40 in October, compared to a reading of 53.70 in the prior month. Market expectations were for the manufacturing PMI to fall to a level of 53.10.
German manufacturing PMI unexpectedly rose in October
In Germany, the preliminary manufacturing PMI recorded an unexpected rise to 58.00 in October, compared to a level of 56.40 in the prior month. Market anticipations were for manufacturing PMI to fall to 55.10.
US Markit manufacturing PMI rose in October
In the US, the preliminary Markit manufacturing PMI advanced to a level of 53.30 in October, compared to a reading of 53.20 in the previous month. Markets were expecting the manufacturing PMI to record a rise to a level of 53.40.
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