US PMI composite fell to 50.4, near stagnation

<p>US PMI Manufacturing fell form 49.0 to 47.0 in August. PMI Services fell from 52.3 to 51.0. PMI Composite fell from 52.0 to 50.4. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “A near-stalling of business activity in August raises doubts over the strength of US economic growth in the third quarter. […]</p>
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