Markit Manufacturing PMI improves slightly to 50.4 in July. The US Dollar Index remains in the upper half of daily range after data. The IHS Markit’s final US Manufacturing report showed that the business activity in the manufacturing sector expanded at a slightly stronger pace than expected with the Purchasing Manager Index (PMI) coming in at 50.4 in July and beating the market expectation of 50. The market doesn’t seem to be paying any attention to the data, however, and the US Dollar Index was last up 0.25% on the day at 98.80. Assessing the data, “US manufacturing has entered into its sharpest downturn since 2009, suggesting the goods-producing sector is on course to act as a significant drag on the economy in the third quarter,” said Chris Williamson, Chief Business Economist at the IHS Markit. “The deterioration in the survey’s output index is indicative of manufacturing production declining at an annualised rate in excess of 3%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD technical analysis: Euro under pressure near 2-year lows ahead of US PMI FX Street 4 years Markit Manufacturing PMI improves slightly to 50.4 in July. The US Dollar Index remains in the upper half of daily range after data. The IHS Markit's final US Manufacturing report showed that the business activity in the manufacturing sector expanded at a slightly stronger pace than expected with the Purchasing Manager Index (PMI) coming in at 50.4 in July and beating the market expectation of 50. The market doesn't seem to be paying any attention to the data, however, and the US Dollar Index was last up 0.25% on the day at 98.80. Assessing the data, "US manufacturing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
