Inflationary pressures are highlighted in...>

US DATA: Inflationary pressures are highlighted in the IHS Markit Flash PMIs for

July, with tariff impacts cited. Some quotes from the report:

- For the composite index: `Robust input cost inflation persisted across the

private sector in July, which was attributed to increased fuel bills, higher

staff salaries and rising raw material prices (especially for metals). The

overall rate of input cost inflation was one of the fastest seen over the past

five years. In response to higher business expenses, private sector firms

recorded a sharp and accelerated rise in their average prices charged. The

overall rate of output price inflation was the fastest since this index began

almost nine years ago.`

- For manufacturers, `There were widespread reports that tariffs on steel and

aluminium had pushed up input costs in July. Robust client demand and efforts to

protect margins resulted in the strongest rate of factory gate price inflation

since May 2011.`