US: Markit Manufacturing PMI declines to 61.1 (final) August

• Markit Manufacturing PMI for US fell modestly in August.
• US Dollar Index stays in the negative territory below 92.50.

The IHS Markit's Manufacturing PMI edged lower to 61.1 (final) in August from the record-high set at 63.4 in July. This print showed an ongoing expansion at a robust pace in the manufacturing sector's business activity.

Commenting on the report, "US goods producers continued to register marked upturns in output and new orders in August, as demand flourished once again," noted Siân Jones, Senior Economist at IHS Markit. "That said, constraints on production due to material shortages exerted further pressure on capacity as backlogs of work rose at a near-record rate."

Market reaction

This report was largely ignored by market participants and the US Dollar Index was last seen losing 0.22% on the day at 92.43.