The business activity in the US private sector continued to expand at a healthy pace in July, with the preliminary S&P Global Composite PMI improving to 55 from 54.8 in June.
S&P Global Composite PMI in the US edged higher in July's flash estimate. US Dollar Index stays under bearish pressure, declines toward 104.00. The business activity in the US private sector continued to expand at a healthy pace in July, with the preliminary S&P Global Composite PMI improving to 55 from 54.8 in June. The S&P Global Manufacturing PMI declined to 49.5 from 51.6 in the same period, while the Services PMI rose to 56 from 55.3.
Assessing the PMI surveys' findings, the flash PMI data signal a ‘Goldilocks’ scenario at the start of the third quarter, with the economy growing at a robust pace while inflation moderates, saidChris Williamson, Chief Business Economist at S&P Global Market Intelligence. In terms of inflation, the July survey saw input costs rise at an increased rate, linked to rising raw material, shipping and labour costs, Williamson added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's Judo Bank Manufacturing PMI rises to 47.4 in July, Services PMI drops to 50.8The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) rose to 47.4 in July from 47.2 in June, the latest data published by Judo Bank and S&P Global showed on Wednesday.
Read more »
China's NBS Manufacturing PMI remains steady at 49.5 in June, Services PMI drops to 50.5China’s official Manufacturing Purchasing Managers' Index (PMI) remained steady at 49.5% in June, compared to 49.5.
Read more »
Eurozone Preliminary Manufacturing PMI edges lower to 45.6 in July vs. 46.1 expectedThe Eurozone manufacturing sector contraction extended while the services sector activity lost its recovery momentum in July, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Wednesday.
Read more »
German Preliminary Manufacturing PMI declines to 42.6 in July vs. 44.0 expectedThe German manufacturing sector contraction unexpectedly deteriorated in July while the services sector also underperformed, the preliminary business activity report published by the HCOB survey showed Wednesday.
Read more »
US ISM Manufacturing PMI declines to 48.5 in June vs. 49.1 expectedThe business activity in the US manufacturing sector continued to contract in June, with the ISM Manufacturing PMI edging lower to 48.5 from 48.7 in April.
Read more »
USD/CAD extends upside as US Dollar recovers ahead of US Manufacturing PMIThe USD/CAD pair extends its upside to near the round-level resistance of 1.3700 in Monday’s New York session.
Read more »