2:46 PM · 24 July 2023

BREAKING: US services PMI lower than expected! Suprising beat of manufacturing data!

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Industrial: Actual: 49.0; Expectations 46.4; Previously 46.3
Service:Actual: 52.4; Expectations 54; Previously 54.4
Compared to reading from European countries, US data comes slightly better.
PMI analysts indicate that the overall rate of output growth, measured across manufacturing and services, is consistent with GDP expanding at an annualized quarterly rate of approximately 1.5% at the start of the third quarter. That's down from a 2% pace signalled by the survey in the second quarter.
The EURUSD is relatively unmoved shortly after US PMI data release.

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