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US final July S&P Global manufacturing PMI 49.0 vs 49.0 prelim

Prior was 46.3Despite a sharp fall in backlogs of work as new orders dropped, companies expanded employment at a faster rate amid greater confidence in the outlook for output.New export orders fell for the fourteenth month runningThere was no change from the preliminary reading. The ISM number at the top of the hour is expected at 46.8 from 46.0 previously.Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “Manufacturing continues to act as a drag on the US econo... Read More

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Content Topics

Final

July

Global

Manufacturing

49 Prelim

Forex

Posted: Aug 1 2023, 13:45

Author Name: forexlive

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