The Purchasing Managers Index US manufacturing PMI has fallen two points in the preliminary reading for April, as published by S&P Global. The indicator has retreated into contraction territory at 49.9 from 51.9 points in March, obtaining its worst result in four months. The data disappoints market expectations, since an advance towards 52 points was expected.
He Services PMI has also lost momentum, falling to 50.9 from the previous 51.7 points, its lowest level in five months. The data is below the 52 points estimated by experts.
Finally, the Integrated PMI has dropped to 50.9 from 52.1, its weakest score in four months
dollar reaction
The Dollar Index (DXY) has fallen sharply following the data, falling from the 106.00 area to 105.68, its lowest level in eleven days. At the time of writing, the USD is trading above 105.82 points, losing 0.30% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
