Delta variant, supply woes crimp business activity in August -IHS Markit survey

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Mixed signals on the U.S. economy as business activity slowed for the third straight month in August, but homes sales rose in July as inventories improved moderately

Data firm IHS Markit said on Monday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 55.4 - the lowest since last December - from 59.9 in July. A reading above 50 indicates growth in the private sector.

The IHS Markit survey's flash services sector PMI fell to a reading of 55.2 from 59.9 in July. Economists polled by Reuters had forecast a reading of 59.5 this month for the services sector, which accounts for more than two-thirds of U.S. economic activity. IHS Markit's measures of prices paid by services companies and manufacturers both rose, with factory input prices hitting another record high.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines