Guardian Stockbrokers Key Economic News Thursday 24 November 2022

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK manufacturing PMI remained unchanged in November

In the UK, the S&P Global/CIPS manufacturing PMI remained unchanged at 46.20 in November. Markets were expecting the manufacturing PMI to drop to 45.80.

Euro-zone manufacturing PMI unexpectedly climbed in November

In the Euro-zone, the S&P Global manufacturing PMI unexpectedly rose to 47.30 in November, compared to a reading of 46.40 in the previous month. Market anticipations were for the manufacturing PMI to fall to 46.00.

German manufacturing PMI unexpectedly advanced more than expected in November

In Germany, the S&P Global/BME manufacturing PMI unexpectedly climbed to 46.70 in November, compared to a reading of 45.10 in the prior month. Market expectations were for the manufacturing PMI to fall to 45.00.

FOMC minutes: Fed signals for slower interest rate hikes

Minutes of the US Fed’s November monetary policy meeting signalled that policymakers expect smaller interest rate hikes as they evaluate the impact of the monetary policy on the economy.

US manufacturing PMI declined more than anticipated in November

In the US, the S&P Global manufacturing PMI fell to 47.60 in November, compared to a reading of 50.40 in the prior month. Markets were anticipating the manufacturing PMI to drop to 50.00.

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