US S&P Global Composite PMI Rises to 53.6 in July
The S&P Global Composite PMI improved to 53.6 in July from 51.9 in June, indicating faster expansion in US private sector activity.
The US private sector expanded at a faster pace in July, according to preliminary S&P Global data.
The Composite Purchasing Managers' Index (PMI) rose to 53.6 from 51.9 in June, signaling stronger growth. Readings above 50 indicate expansion.
This preliminary estimate suggests continued economic momentum in the world's largest economy.
Source: FXStreet Forex News