PMIs
  • Prior was 56.1
  • Composite PMI rises to 56.6 vs 54.9 prior (33-month high)
  • Services PMI jumps to 58.5 vs 56.1 prior (38-month high)
  • Manufacturing PMI falls to 48.3 vs 49.7 prior (3-month low)

On inflation:

  • Overall price pressures cooled further
  • but manufacturing saw a spike in input costs to 2-year highs
  • Service sector inflation at 4.5 year low
  • Supplier delivery times lengthening again

USD/JPY is up a handful of pips on this and the US dollar is broadly stronger.