U.S. August Manufacturing PMI Hits 39-Month High, Composite PMI Reaches 8-Month High

According to Ha Shilian, the U.S. August S&P Global Manufacturing PMI preliminary value reached 53.3, marking the highest point in 39 months. Meanwhile, the S&P Global Composite PMI preliminary value is 55.4, the highest level in 8 months. Additionally, the Services PMI preliminary value is 55.4, reaching a new low in 2 months.