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US S&P Manufacturing PMI declines to 51.2 in February, Services PMI retreats to 52.3
Business activity in the US private sector expanded at a slightly softer pace in February than in January, with the S&P Global's preliminary Composite Purchasing Managers' Index (PMI) edging lower to 52.3 from 53.Fxstreet
Fri, Feb 20
Euro area: PMI recovery supports moderate growth – Commerzbank
Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI rose to 51.9 in February, recovering about half of its recent decline and remaining in a range historically consistent with moderate growth. Sentiment improved particularly in manufacturing, while services edged higher.Fxstreet
Fri, Feb 20
US headline PCE rose 2.9% YoY in December
According to the US Department of Commerce, headline Personal Consumption Expenditures (PCE) inflation came in at 2.9% YoY in December. Core PCE, which strips out food and energy costs, ran a touch firmer at 3.0% YoY, suggesting underlying price pressures are still proving a bit sticky.
Fxstreet
Fri, Feb 20
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