Services PMI decreased from 55.7 to 55.4, mostly in line with analyst consensus of 55.3. Composite PMI pulled back from 54.6 to 54.4, compared to analyst forecast of 54.3.
The report showed that the services sector continued to grow at a solid pace, while the manufacturing sector remained under pressure. The strong performance of the services sector provided material support to Composite PMI, which exceeded analyst expectations.
S&P Global commented: “The early survey indicators for September point to an economy that continues to grow at a solid pace, albeit with a weakened manufacturing sector and intensifying political uncertainty acting as substantial headwinds.”
U.S. Dollar Index moved higher as traders reacted to the better-than-expected Composite PMI…
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