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Non-Manufacturing PMI jumped to 59.1

Wednesday, Nov 04 2015
The Non-Manufacturing PMI registered 59.1 percent in October, 2.2 percentage points higher than the September reading of 56.9 percent, and above predicted reading of 56.6. This represents continued growth in the non-manufacturing sector at a faster rate.  
 
According to the NMI, 14 non-manufacturing industries reported growth in October. After the slight cooling off in September, the non-manufacturing sector reflected growth across most of the indexes. Respondents remain mostly positive about business conditions and the overall economy.
 
After the data USD added few points. Euro is currently being traded few points above 1.0860 level, Sterling is around 1.5380 handle, while Aussie is above 0.7160 area. 
More in this category: « US Trade Balance deficit narrowed to $40.8 billion RBA ready to cut rates if neccessary »

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