Economy
US Business Activity Hits Four-Year High as Services Power August PMI
S&P Global’s flash composite PMI rose to 56.0 in August from 54.5, with faster services activity outweighing a slowdown in factory output.
Economy
S&P Global’s flash composite PMI rose to 56.0 in August from 54.5, with faster services activity outweighing a slowdown in factory output.
U.S. initial jobless claims came in at 209,000 for the week ending August 15, just under the 210,000 consensus, while the Philadelphia Fed's manufacturing index landed at 41.4 against expectations of 25.
Initial claims rose by 1,000 to 199,000 in the week ending August 1, while the four-week moving average slipped 4,500 to 198,750, the Labor Department reported.
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