Economics
U.S. Business Activity Stabilizes in July, IHS Markit Data Show
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The IHS Markit preliminary composite index of purchasing managers at manufacturers and service providers improved 2.1 points to a six-month high of 50, the dividing line between expansion and contraction, the group reported Friday.
The data show the world’s largest economy is a step behind Europe, where PMIs improved markedly and showed expansion during the month. The composite index for the euro area climbed to the highest level since June 2018.