The U.S. S&P Global Manufacturing PMI preliminary reading for July was 53.8, compared to an expectation of 54.3 and a prior value of 53.9; the U.S. S&P Global Services PMI preliminary reading for July was 53.6, compared to an expectation of 51.5 and a prior value of 51.2; the U.S. S&P Global Composite PMI preliminary reading for July was 53.6, compared to an expectation of 51.8 and a prior value of 51.9.
U.S. July S&P Global Manufacturing PMI Preliminary Reading at 53.8, Below Expectations
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Summary
Global crypto policy observers are closely monitoring the latest U.S. economic data as part of broader crypto news updates. The preliminary U.S. July S&P Global Manufacturing PMI came in at 53.8, below the expected 54.3 and slightly lower than the prior reading of 53.9. The preliminary U.S. July S&P Global Services PMI was 53.6, above the expected 51.5 and the prior 51.2. The preliminary U.S. July S&P Global Composite PMI was 53.6, surpassing the expected 51.8 and the prior 51.9.
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