Wednesday , September 28 2022

Increasing US economic activity despite continued weakness of the industrial sector


directUS economic activity rose to a three-month high this month, driven by the performance of the service sector.

The composite US composite purchasing index rose to 51.6 in July from 51.5 in June, according to data released by the market research market on Wednesday.

The data showed a low index Managers of industrial purchases In the US to 50 points this month, the lowest level since September 2009, compared with 50.6 points in June.

Analysts say industrial activity in the US will reach 50.9 points over the same period.

While US PMI rose to 52.5 points this month, the highest level for 3 months compared to 51.5 points in the previous month.

Analysts predicted that service activity in the US would reach 51.6 points this month.

Until 13.54 GMT, the main dollar index, which tracks the currency's performance against six major currencies, declined by 0.08% to 97.624.

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