U.S. Business Activity Data

• Manufacturing PMI (Aug), fact 49.9, forecast 50.5.
• Markit Composite Business Activity Index (PMI) (Aug), fact 50.9, previous value 52.6.
• Business Activity Index (PMI) in the services sector (Aug), fact 50.9, forecast 52.9.

Preliminary data on business activity in the manufacturing sector (PMI) of the USA slowed down, increasing market concerns about a slowdown in activity in the manufacturing sector and the US services sector. Significant concerns were given by PMI data on business activity in the manufacturing sector, which fell to multi-year lows, indicating a slowdown in the US economy.

Fig. Figure 1. U.S. Manufacturing PMI

Amid weak US data, the US dollar accelerated its decline against competitors, but quickly recovered. This was due to increased risks in the market and increased yield of the US government bonds. Thus, the US dollar index updated a low at 98.10, but returned to the general uptrend and maintained lateral dynamics of the current week. Than indicated the preservation of the side channel.

Fig. 2. The US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

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Hanzenko Anton

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