Markit Manufacturing PMI is US rose slightly more than expected in September. US Dollar Index stays in the positive territory above 94.00. The business activity in the US manufacturing sector is seen expanding at a robust pace in September with the IHS Markit’s advanced Manufacturing PMI rising from 53.1 in August to 53.5. This reading came in slightly better than the market expectation of 53.2. Further details of the publication revealed that the Services PMI edged lower to 54.6 from 55 and missed experts’ forecast of 54.7. Finally, the Composite PMI declined to 54.4 from 54.6. Commenting on the data, “US businesses reported a solid end to the third quarter, with demand growing at a steepening rate to fuel a further recovery of output and employment,” said Chris Williamson, chief business economist at IHS Markit. “The survey data therefore add to signs that the economy will have enjoyed a solid rebound in the third quarter after the second quarter slump.” Market reaction The US Dollar Index largely ignored this report and was last seen gaining 0.16% on the day at 94.13. 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 Neo Price Analysis: NEO explodes 15% after Binance announcement to list FLM FX Street 1 year Markit Manufacturing PMI is US rose slightly more than expected in September. US Dollar Index stays in the positive territory above 94.00. The business activity in the US manufacturing sector is seen expanding at a robust pace in September with the IHS Markit's advanced Manufacturing PMI rising from 53.1 in August to 53.5. This reading came in slightly better than the market expectation of 53.2. Further details of the publication revealed that the Services PMI edged lower to 54.6 from 55 and missed experts' forecast of 54.7. Finally, the Composite PMI declined to 54.4 from 54.6. Commenting on the data, “US businesses reported a… Top 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.
