- Aug. U.S. PMI Composite (Final): 55.4 in-line with consensus and 59.9 prior.
- Slowest rise in activity so far this year as demand recovery slows during August.
- Services PMI: 55.1 vs. 55.2 consensus and 59.9 prior.
- “Growth slowed sharply in the US service sector in August, joining the manufacturing sector in reporting a marked cooling in demand and encountering growing problems finding staff and supplies. Jobs growth almost stalled among the surveyed companies in August and supplier lead times are lengthening at a near record rate," Commenting on the latest survey results, Chris Williamson, Chief Business Economist at IHS Markit.
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Friday, September 3, 2021
Aug. PMI records slowest expansion in 2021
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