US: S&P Global Service PMI drops to 50.1 in September

US S&P Global Service PMI falls to 50.1 in September.
US S&P Global Composite PMI unchanged at 50.2 in September
US Dollar Index holds in negative territory around 106.70.

Matías Salord FXStreet

The seasonally adjusted final S&P Global US Services PMI Business Activity Index posted 50.1 in September, down from 50.5 registered in August and below the 50.2 of the preliminary reading.

“The final S&P Global US Composite PMI Output Index posted 50.2 in September, unchanged from the figure seen in August. The latest data signalled broadly unchanged business activity across the US private sector, despite a return to modest output growth in the manufacturing sector,” the publication revealed.

Market reaction

The US Dollar Index is falling on Wednesday, retreating from monthly highs. It is hovering around 106.70.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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