The index US Manufacturing PMI has risen to in May preliminary reading to 61.5 from April 60.5, its new all-time high. The result exceeds the 60.5 points estimated by the market
The services PMI has soared to 70.1 points from 64.7 in April, reaching an all-time high since the data began to be published. The reading improves notably the 64.5 points predicted by the experts.
According to IHS Markit, production growth once again exceeds historical series highs amid a increased customer demand, although cost pressures continue to mount.
EUR / USD reaction
The EUR/USD has lost more than 20 pips immediately after posting, falling to new lows of the day at 1.2175. At time of writing, the pair is trading above 1.2180, shedding 0.39% daily.
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