US: S&P Global services PMI falls to 50.1 in September

  • US S&P Global Services PMI falls to 50.1 in September.
  • US S&P Global Composite PMI remains at 50.2 in September.
  • The US Dollar Index remains in negative territory around 106.70.

The seasonally adjusted US S&P Global services PMI business activity index stood at 50.1 in September, down from 50.5 in August and 50.2 in the preliminary reading.

“The US S&P Global Composite PMI manufacturing index stood at 50.2 in September, unchanged from August. The latest data signaled virtually unchanged business activity across the US private sector, despite the return to modest production growth in the manufacturing sector,” the publication revealed.

Market reaction

The Dollar Index falls on Wednesday, retreating from monthly highs. It is around 106.70.

Source: Fx Street

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