US PMI at a three-month low

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Monday, Aug 03 2015

The July PMI registered 52.7 percent, a decrease of 0.8 percentage point below the June reading of 53.5 percent. No change was anticipated. The New Orders Index registered 56.5 percent, an increase of 0.5 percentage point from the reading of 56 percent in June. The Production Index registered 56 percent, 2 percentage points above the June reading of 54 percent. The Employment Index registered 52.7 percent, 2.8 percentage points below the June reading of 55.5 percent, reflecting growing employment levels from June but at a slower rate.

Inventories of raw materials registered 49.5 percent, a decrease of 3.5 percentage points from the June reading of 53 percent. The Prices Index registered 44 percent, down 5.5 percentage points from the June reading of 49.5 percent, indicating lower raw materials prices for the ninth consecutive month. Comments from the panel reflect a combination of optimism mixed with uncertainties about international markets and the impacts of the continuing decline in oil prices.

After the data USD was pushed lower. Euro is few points above 1.0970 level, Sterling is around 1.5610 area, while Aussie is above 0.7270 level.

More in this category: « UK Manufacturing PMI rose to 51.9 Australian Retail Sales up by 0.7% »

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