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UK Manufacturing PMI Dropped Despite Market Expectations

ByCore Liquidity Markets
Published 11/01/2013, 01:04 PM
Updated 07/09/2023, 06:31 AM
COMIN
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UK manufacturing PMI dropped in October. Market Economics reported that the manufacturing Purchasing Managers’ Index (PMI) in UK fell unexpectedly to a reading of 56.0 in October, from a revised reading of 56.3 in the previous month. Market had expected the index to rise to a reading of 56.1.

Swiss SVME PMI declined more than expected in October. The SVME PMI in Switzerland eased to reading of 54.2 in October, from a reading of 55.3 in the previous month. The Market expected the index to fall to 55.5 in October.

Australian producer price index advanced in Q3 2013. On an annual basis, the producer price index in Australia climbed 1.9% in Q3 2013, following an increase of 1.2% recorded in the preceding quarter. On a quarterly basis, producer price index in Australia rose 1.3% in Q3 2013, compared to a 0.1% rise recorded in the previous quarter.

Australia’s RBA commodity price index declined in October. The Reserve Bank of Australia (RBA) reported that the RBA commodity price index in Australian dollar terms stood at 88.1 in October, compared to a revised reading of 90.3 reported in the previous month. Meanwhile, on an annual basis, the RBA commodity index in SDR terms fell 1.0% in October, compared to a 3.1% fall in the previous month.

China official manufacturing PMI climbed more than forecasts in October. The official manufacturing PMI in China increased to reading of 51.4 in October, from a reading of 51.1 in the previous month. Market had expected the index to rise to 51.2 in October. The Chinese Market manufacturing PMI rose in line with the preliminary estimate in October. Market Economics reported that the final manufacturing PMI in China stood at a reading of 50.9 in October, compared to a level of 50.2 in September.

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