directEconomic activity in the United States increased during the current month of July to the highest level in 6 months, as the performance of the industrial and service sectors improved.
And data released by the Market Research Corporation revealed today, Friday, that the Composite Purchasing Managers Index (which includes the performance of the industrial and service sectors) reached 50 points in the initial reading for the month of July, compared to 47.9 points in the previous month.
The 50-point level is the boundary between expansion and contraction in economic activity.
(US economic activity performance, according to Market Research Corporation)
Turning indicator Industrial purchasing managers Growth at 51.3 points, its highest level in 6 months in July, compared to 49.80 points in the month of June.
Analysts had estimated that American industrial activity would rise to 52 points this month.
As rose Service activity In the United States at 49.5 points this month, which is the highest level in 6 months, compared to 47.9 points recorded in the past month, compared to estimates at 51 points.
The data showed that private sector companies in the United States indicated the stability of activity in the beginning of the third quarter with the improvement of the performance of the industrial sector and the slowdown in the pace of decline in service activity.
By 1:55 p.m. GMT, the main dollar index, which measures the currency’s performance against 6 major currencies, fell 0.08 percent to 94.816.