US PMI Manufacturing dropped from 52.7 to 52.3 in July, a 24-month low. PMI Services dropped from 52.7 to 47.0, a 26-month low. PMI Composite dropped from 52.3 to 47.5, a 26-month low. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The preliminary PMI data for July point to a worrying deterioration […]
The post US PMI composite dropped to 47.5, indicative of -1% annualized GDP contraction appeared first on Action Forex.
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