- Markit Manufacturing PMI for US fell modestly in August.
- US Greenback Index stays within the unfavourable territory beneath 92.50.
The IHS Markit’s Manufacturing PMI edged decrease to 61.1 (last) in August from the record-high set at 63.4 in July. This print confirmed an ongoing growth at a strong tempo within the manufacturing sector’s enterprise exercise.
Commenting on the report, “US items producers continued to register marked upturns in output and new orders in August, as demand flourished as soon as once more,” famous Siân Jones, Senior Economist at IHS Markit. “That mentioned, constraints on manufacturing because of materials shortages exerted additional stress on capability as backlogs of labor rose at a near-record charge.”
This report was largely ignored by market individuals and the US Greenback Index was final seen dropping 0.22% on the day at 92.43.