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US August S&P Global services flash PMI 51.0 vs 52.2 expected

Prior was 52.3Manufacturing 47.0 vs 49.3 expected (prior was 49.0)Composite 50.4 vs 52.0 prior"Cost pressures regained some momentum as the rate of input price inflation quickened on the back of greater fuel, wage and raw material costs."US firms were more upbeat in their outlook for output over the coming year in AugustAugust data indicated only a fractional rise in employment.This is a soft reading and the US dollar is selling off. Yields have fallen further as well.Commenting on the data,... Read More

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Content Topics

August

Global

Services

Flash

51

52 Expected

Forex

Posted: Aug 23 2023, 13:45

Author Name: forexlive

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