The Markit US Composite PMI for August came in at 51.5, a bit lower than the 51.8 it notched up in July. The composite PMI is a gauge of month-on-month seasonally adjusted private sector activity in both services and manufacturing. Now take a look at chart 1, which shows the US Composite PMI reading from January 2014 onwards. What about the global economy? The chart above indicates the tepid pace of expansion in global economic activity this year.

Source: Mint September 06, 2016 06:22 UTC