- Services PMI 50.7 vs. 50.3 expected and 49.2 prior.
- Composite PMI 49.7 vs. 47.7 prior.
Key findings:
- Renewed, albeit only marginal rise in services activity.
- Softer decline in new business signalled.
- Cost and charge inflation pick up.
Comment:
This article was written by Giuseppe Dellamotta at www.forexlive.com.
