Categories: Markets

US: S&P Global Integrated PMI falls more than expected in May to four-month lows

US: S&P Global Integrated PMI falls more than expected in May to four-month lows
  • In line with Europeans, US PMIs fall more than expected.
  • Integrated S&P Global PMI at four-month lows.
  • The dollar falls after the economic figures.

The S&P Global PMI activity report showed data below expectations in May, according to preliminary figures. The integrated index fell from 56 to 53.8, below the 55.5 market consensus. It is the lowest reading in four months.

The manufacturing PMI S&P Global fell from 59.2 to 57.5, in line with expectations and a three-month low. The service index fell from 55.6 to 53.5, below the expected 55.2, which is the lowest reading in four months.

The dollar it retreated after the figures and marked new lows against the euro and the yen. The Richmond Fed’s new home sales report and manufacturing index will be released later Tuesday.

Source: Fx Street