US Composite PMI Slows With “Steepest Rise In Prices On Record”

Tuesday, July 24, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Tue, 07/24/2018

A mixed bag for Markit PMIs (Services miss, Manufacturing beat) left the Composite index lower (confirming Europe’s slowdown).

Markit PMI- July Manufacturing printed 55.5, marginally higher than the 55.4 in June (and above 55.1 expectations)

Markit PMI- July Services printed 56.2, marginally lower than the 56.5 in June (and below 56.3 expectations)

Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit said:

“The July survey data indicate that the US economy sustained strong growth momentum after what looks to have been a solid second quarter, representing a good start to the second half of 2018. Although down from June, the July flash PMI is in line with the average for the second quarter and indicative of the economy growing at an annualised rate of approximately 3%.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter