5 hrs ago
Markets Watch US Trade Balance and Services PMI Data
Two important US economic reports are expected before the September 3 trading session.
One report measures how much the US buys and sells with other countries.
The US had a $73.3 billion trade deficit in June.
That was smaller than the $77.6 billion deficit in May.
The other report measures activity in the services part of the economy.
Its reading was 54.1 in July, slightly higher than 54.0 in June.
A reading above 50 means the services sector is growing.
Investors will watch the new numbers for clues about the economy and markets.
US July international trade balance data is due on Thursday before the September 3 trading session.
The US goods and services trade deficit was $73.3 billion in June.
June’s deficit narrowed from $77.6 billion in May.
The ISM Services PMI for August is also scheduled for release.
The services PMI rose to 54.1 in July from 54.0 in June, remaining in expansion territory.
- Who
- US economic data releases, including the international trade balance and ISM Services PMI.
- What
- The July US International Trade Balance and August ISM Services PMI are due for release.
- Where
- United States.
- When
- Thursday, before the September 3 trading session.
- Why
- Investors are watching the data as potential market-moving economic triggers.
Key facts
- Trade deficit in June
- $73.3 billion
- Trade deficit in May
- $77.6 billion
- June-to-May change
- The deficit narrowed in June.
- July Services PMI
- 54.1
- June Services PMI
- 54.0
- Services PMI status
- The July reading remained in expansion territory.
Sources
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