US PMI hits 52-month high in August; services surge, prices cool
Latest Updates
U.S. Services PMI beats at 56.8; growth momentum signals rate path
U.S. services PMI surged to 56.8 in August, well above the 54.0 estimate and prior 54.6, signaling robust service-sector expansion. The beat reinforces growth resilience and feeds into hawkish Fed repricing; traders now focus on September rate expectations and whether this strengthens the case against immediate cuts, supporting USD across major pairs.
https://x.com/FirstSquawk/status/2090797524437324105U.S. Composite PMI beats forecast at 56.0, signals strong growth
U.S. S&P Global Composite PMI rose to 56.0 in August, beating the 54.0 estimate and prior 54.5 reading, signaling accelerating economic activity. The beat supports the growth narrative underpinning Fed rate-cut resistance and lifts USD/JPY, EUR/USD lower as markets reprice September hold probability and extend the hawkish Fed repricing trade.
https://x.com/FirstSquawk/status/2090797513515344340U.S. Manufacturing PMI Misses Forecast at 53.2 in August
U.S. S&P Global Manufacturing PMI came in at 53.2 in August, below both the 53.9 previous reading and 53.9 consensus estimate, signaling a modest slowdown in factory activity. The miss adds to growth concerns amid hawkish Fed repricing; softer manufacturing data may ease rate-hike pressure heading into September, affecting USD positioning against EUR and GBP.
https://x.com/FirstSquawk/status/2090797486046929142US Services PMI beats August forecast at 56.8; manufacturing slides
US S&P Global Services PMI surged to 56.8 in August, beating estimates of 54.0, while Manufacturing PMI fell to 53.2 below the 53.9 forecast. Composite PMI reached 56.0 versus 54.0 expected. The strong services beat contradicts recent hawkish Fed repricing; a resilient services sector may temper September rate-cut expectations and support USD strength against EUR, GBP, and JPY.
https://x.com/LiveSquawk/status/2090797571035852953U.S. August Flash PMI Beats Services; Manufacturing Misses
U.S. S&P Global composite PMI rose to 56.0 in August from 54.5 in July, with services PMI surging to 56.8 versus 54.0 forecast, but manufacturing PMI dipped to 53.2 below 53.9 forecast. The stronger composite and services prints support Fed hawkishness on growth, offsetting manufacturing weakness and reinforcing September rate-path pricing; USD strengthens on persistent economic resilience.
https://x.com/DeItaone/status/2090797402340913568US S&P Manufacturing & Services PMI August Prelim Report
S&P Global released August preliminary PMI data for US manufacturing and services sectors. The report feeds into growth expectations amid hawkish Fed repricing after July FOMC dissents signaled potential September rate hikes. PMI trends directly influence USD positioning and rate-path pricing for major pairs.
https://x.com/financialjuice/status/2090797811327492344US S&P Composite PMI Flash 56, Beats Forecast 54
US S&P Composite PMI flash reading came in at 56, beating the forecast of 54 and the previous 54.5, signaling stronger-than-expected economic activity. This data supports the growth narrative underpinning hawkish Fed repricing ahead of September rate decisions, bolstering USD across major pairs as market participants reassess terminal-rate expectations.
https://x.com/financialjuice/status/2090797437195526273US Services PMI Flash 56.8 Beats Forecast of 54.0
US S&P Services PMI flash reading came in at 56.8, significantly above the 54.0 forecast and prior 54.6, signaling stronger-than-expected service-sector expansion. This beats expectations on growth and supports the hawkish Fed repricing narrative around September rate-path; USD benefits as data reinforces sticky inflation and labour-market resilience underpinning rate expectations.
https://x.com/financialjuice/status/2090797424579141664New to MyTradingLand?
Sign up now to get your own personalized timeline!
Join CommunityAlready have an account? Log in