New data S&P Global Services PMI (Aug)
9/5/2024
actual 55.7, previous 55
The event is the S&P Global Services PMI (Purchasing Managers' Index) for the month of August in the United States. The actual PMI value reported is 55.7, which is higher than the previous value of 55.0. This indicates an increase in the economic activity in the services sector. The estimate was 55.2, so the actual value exceeded expectations. The change in the PMI from the previous period is 0.7, showing a positive trend. This event is considered to have a high impact on the market, especially for the US dollar (USD) currency. Overall, the higher-than-expected PMI value suggests growth and expansion in the services sector of the US economy.This is not investment advice. Remember to verify the information provided here.
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