In its Flash U.S. PMI report, the IHS Markit announced that the Manufacturing PMI stayed unchanged at 52.4, which was slightly below the market estimate of 52.8. With the initial reaction, the US Dollar Index edged lower but was still up 0.3% on the day at 97.30. Key quotes from the press release The seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index signalled a further moderation in service sector activity growth, posting down from 55.3 in March to 52.9 in April. At 52.8 in April, down from 54.6 in March, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index signalled the slowest increase in overall business activity since September 2016. Chris Williamson, Chief Business Economist at IHS Markit: The US economy started the second quarter with its weakest expansion since mid-2016 as businesses reported a marked slowing in output, new orders and hiring. The April surveys are consistent with GDP rising at an annualised rate of just under 2%, with the official measure of manufacturing production remaining in decline. 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 Wall Street opens modestly higher supported by upbeat data FX Street 4 years In its Flash U.S. PMI report, the IHS Markit announced that the Manufacturing PMI stayed unchanged at 52.4, which was slightly below the market estimate of 52.8. With the initial reaction, the US Dollar Index edged lower but was still up 0.3% on the day at 97.30. Key quotes from the press release The seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index signalled a further moderation in service sector activity growth, posting down from 55.3 in March to 52.9 in April. At 52.8 in April, down from 54.6 in March, the seasonally adjusted IHS Markit Flash… 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.
