US PMIs Show Mixed Signals but Point to Accelerating Q3 Economic Growth

Preliminary July Purchasing Managers' Index (PMI) data for the US presented mixed results but still indicate an acceleration in economic growth for the third quarter.

24 Jul, 13:53 — 24 Jul, 13:53

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zerohedgeLow38d ago

US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3

US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3 With 'hard data' trending weaker, today's preliminary July PMIs offer the first glimpse at whether the reignition of the Iran War is weighing on 'soft' survey sentiment in the US economy. The data was mixed (as always) with Manufacturing disappointing while Services accelerated more than expected: Flash US Manufacturing PMI: 53.8 (June: 53.9). 4-month low. Flash US Services PMI Business Activity Index: 53.6 (Ju...

By Tyler Durden

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US PMIs Show Mixed Signals but Point to Accelerating Q3 Economic Growth

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US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3

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