US: Markit Manufacturing PMI declines to 61.1 (final) August

Markit Manufacturing PMI for US fell modestly in August.
US Dollar Index stays in the negative territory below 92.50.

Eren Sengezer FXStreet

The IHS Markit's Manufacturing PMI edged lower to 61.1 (final) in August from the record-high set at 63.4 in July. This print showed an ongoing expansion at a robust pace in the manufacturing sector's business activity.

Commenting on the report, "US goods producers continued to register marked upturns in output and new orders in August, as demand flourished once again," noted Siân Jones, Senior Economist at IHS Markit. "That said, constraints on production due to material shortages exerted further pressure on capacity as backlogs of work rose at a near-record rate."

Market reaction

This report was largely ignored by market participants and the US Dollar Index was last seen losing 0.22% on the day at 92.43.

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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