- Prior 53.9
- Manufacturing PMI 45.5 vs 47.8 expected
- Prior 47.3
- Composite PMI 53.8 vs 52.7 expected
- Prior 52.7
It's a bit of a diverging report as the services and composite prints are both at 11-month highs while the manufacturing print comes in at a 35-month low. But overall, this still points to improvement in demand conditions with labour market conditions also still holding up. HCOB notes that:
