US Preliminary Services PMI beats forecast

Source: WBP Online
© Scanpix/Reuters
Analysts had forecast a drop in flash services PMI to 59.8. However, the release revealed that the activity in the services sector did not change, remaining at 61.0. On the other hand, analysts had forecast the non-manufacturing sector to remain unchanged, though the data turned out as a reduction from 56.3 to 56.0. The final release for services PMI is due on August 5.
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