Economic Buzz: US composite PMI improves in July

The United States Composite PMI Output Index stood at 53.6 in July, up from 51.9 in June and hitting an eight-month high, according to S&P Global's preliminary report released on Friday.

In July, the country's Services PMI Business Activity Index rose to 53.6, up from 51.2 the previous month, reaching an eight-month high. Additionally, the manufacturing PMI decreased from 53.9 in June to 53.8 in July, reaching a 4-month low.

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