Top News | Aug 4, 2015
Moderately softer US data
The ISM purchasing manager manufacturing index (PMI) declined to 52.7 in July from 53.5 in June, which was the highest reading in five months. However, the widely-watched activity gauge continues to signal a relatively solid growth path. US consumer spending rose by +0.2% in June as expected, more moderately than in the previous month, when consumers increased spending by +0.7%.