US Composite PMI rises to 54.5 in July

S&P Global reported this Wednesday (5) that the United States Composite Purchasing Managers' Index (PMI) The index – which includes the services and manufacturing sectors – rose from 51.9 in June to 54.5 points in July. The result came in above market expectations, which had pointed to an increase to 53.6 points.

THE Services PMI It also rose during the period, from 51.2 to 54.6 points, compared to expectations of 53.6 points.

Both indicators remain above 50 points, which indicates an expansion of economic activity.

This text was translated by machine from Brazilian Portuguese.