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US: Economic activity in the manufacturing sector expanded in July - ISM
"The July PMI® registered 56.3 percent, a decrease of 1.5 percentage points from the June reading of 57.8 percent," Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management Manufacturing Business Survey Committee, said on Tuesday.
Key quotes:
- The New Orders Index registered 60.4 percent, a decrease of 3.1 percentage points from the June reading of 63.5 percent
- The Production Index registered 60.6 percent, a 1.8 percentage point decrease compared to the June reading of 62.4 percent
- The Employment Index registered 55.2 percent, a decrease of 2 percentage points from the June reading of 57.2 percent
- The Supplier Deliveries Index registered 55.4 percent, a 1.6 percentage point decrease from the June reading of 57 percent
- The Inventories Index registered 50 percent, an increase of 1 percentage point from the June reading of 49 percent
- The Prices Index registered 62 percent in July, an increase of 7 percentage points from the June reading of 55 percent, indicating higher raw materials prices for the 17th consecutive month, with a faster rate of increase in July compared with June.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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