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8.9

US Preliminary Composite PMI Rises to 53.6 in July, Exceeding Expectations

The US preliminary composite PMI for July reached 53.6, surpassing the consensus forecast of 52.2. This expansion indicates stronger-than-anticipated economic activity, potentially complicating the Federal Reserve's outlook on cooling growth.

InfoMoney1 day agoUSCredibility 46%View source

Score Breakdown

Mosaic Score8.9
Confidence0.9
Significance0.5
Source credibility0.5

Intelligence Tags

#pmi#macroeconomics#us-economy#growth

Locations

United States
Source

Part of 2 situations

activeEnergyClimate9h ago

France — 4 developments

→ stable·10 signals·FR, USScore 6.8
activeMarkets9h ago

Global PMI Trends: US Accelerates, France Moderates Contraction in July

The US private sector demonstrated accelerated growth in July, with the preliminary S&P Global Composite PMI rising to 53.6, exceeding expectations and reaching an eight-month high. Conversely, France's Composite PMI improved to 49.6, indicating a moderation in the pace of economic contraction, though remaining below the expansion threshold. The divergence between robust US growth and continued, albeit moderating, contraction in France highlights varied economic trajectories.

→ stable·4 signals·US, FRScore 6.6

Related signals

8 found