PMI August data and the economic signal that beats expectations
U.S. business activity accelerated in August at its fastest pace in more than four years, according to S&P Global's Composite Purchasing Managers' Index released on Aug. 21, offering a strong signal about the health of the American economy heading into the fall. The composite PMI, which combines factory output and services business activity, rose to 56 from 54.5 in July.…
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