US August S&P Global services flash PMI 51.0 vs 52.2 expected

The flash surveys from S&P Global show a slowdown in US manufacturing and services sectors, raising concerns about economic growth in the third quarter and indicating a possible contraction in September due to weak demand and rising input costs.

forexlive.com

Relevant topic timeline:

8/23/2023

The U.S. economy is actually slowing down, not speeding up, these S&P surveys show

The US economy shows signs of slowing towards the end of summer, with the services-sector index falling to a six-month low and the manufacturing-sector index remaining in negative territory, suggesting a near-stall in business activity and raising doubts about the strength of economic growth in Q3.

8/30/2023

CNBC Daily Open: Fewer jobs, higher stocks

Job growth in the US slowed in August, signaling the impact of high interest rates, which has given traders hope that the Federal Reserve might pause hikes; US stocks rallied on the news, with the S&P 500 on a four-day winning streak and regaining some of August's losses.

8/31/2023

CNBC Daily Open: Jobs growth slowed down. Markets shot up

UBS reports higher than expected profits, job creation in the US slows, and markets rally on weaker economic data and hope for a pause in interest rate hikes. China's factory activity shrinks but at a slower pace, while retail sales increase. There are opportunities for investors in other Asian markets.

9/1/2023

Hollywood strike, Yellow bankruptcy likely restrained US job growth in August

U.S. job growth likely slowed in August due to factors such as striking actors and a major trucking company bankruptcy, but the unemployment rate is expected to remain low; economists caution against overreacting and advise focusing on long-term trends.

9/1/2023

ISM factory index stumbles for 10th consecutive month in August

U.S. manufacturing activity rose in August, but the sector remains in contraction territory according to the Institute for Supply Management, suggesting that a sustained recovery is unlikely amid a weakening global economy.

9/5/2023

Euro zone August downturn deeper than was thought

The decline in euro zone business activity accelerated faster than expected last month, with the services industry falling into contraction, raising concerns of a possible recession.

9/5/2023

China's services activity falls in August to its lowest level in eight months

China's services sector experienced a slowdown in business activity, resulting in the lowest level in eight months, as weaker foreign demand and sluggish overseas orders impacted consumption, despite economic stimulus efforts.

9/9/2023

Manufacturing Sees Job Gains But Faces Uncertainty As Demand Slows and Rates Rise

The US manufacturing industry is experiencing a "manufacturing boom" with increased construction spending and rising investments, but concerns remain over weakening demand and the potential impact of higher interest rates on economic growth.

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Posted 8/23/2023, 1:45:00 PM

US August S&P Global services flash PMI 51.0 vs 52.2 expected

forexlive.com

Relevant topic timeline:

8/23/2023

The U.S. economy is actually slowing down, not speeding up, these S&P surveys show

8/30/2023

CNBC Daily Open: Fewer jobs, higher stocks

8/31/2023

CNBC Daily Open: Jobs growth slowed down. Markets shot up

9/1/2023

Hollywood strike, Yellow bankruptcy likely restrained US job growth in August

9/1/2023

ISM factory index stumbles for 10th consecutive month in August

9/5/2023

Euro zone August downturn deeper than was thought

The decline in euro zone business activity accelerated faster than expected last month, with the services industry falling into contraction, raising concerns of a possible recession.

9/5/2023

China's services activity falls in August to its lowest level in eight months

9/9/2023

Manufacturing Sees Job Gains But Faces Uncertainty As Demand Slows and Rates Rise