Prior was 56.1Composite PMI rises to 56.6 vs 54.9 prior (33-month high)Services PMI jumps to 58.5 vs 56.1 prior (38-month high)Manufacturing PMI falls to 48.3 vs 49.7 prior (3-month low)
On inflation:
Overall price pressures cooled furtherbut manufacturing saw a spike in input costs to 2-year highsService sector inflation at 4.5 year lowSupplier delivery times lengthening again
USD/JPY is up a handful of pips on this and the US dollar is broadly stronger.
This article was written by Adam Button at www.forexlive.com.
