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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global/CIPS services PMI dropped less than expected in September
In the UK, the S&P Global/CIPS services PMI fell to 49.30 in September, compared to a level of 49.50 in the previous month. Markets were expecting the PMI to drop to 47.20.
Euro-zone HCOB services PMI rose more than anticipated in September
In the Euro-zone, the HCOB services PMI advanced to 48.70 in September, compared to a level of 47.90 in the previous month. Markets were expecting the PMI to rise to 48.40.
Euro-zone PPI declined less than expected in August
In the Euro-zone, the PPI fell 11.50% on a YoY basis in August, compared to a drop of 7.60% in the previous month. Markets were expecting the index to drop 11.60%.
US private sector employment rose by less than anticipated in September
In the US, private sector employment rose by 89.00K in September, compared to a revised rise of 180.00K jobs in the previous month. Markets were expecting the private sector employment to rise by 153.00K.
US factory orders rose more than expected in August
In the US, factory orders advanced 1.20% in August, compared to a fall of 2.10% in the previous month. Markets were expecting factory orders to rise 0.30%.
US ISM services PMI dropped as expected in September
In the US, the ISM services PMI fell to 53.60 in September, at par with market expectations and compared to a level of 54.50 in the previous month.
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