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Markit Aug PMIs below consensus (Manuf......>

US DATA
US DATA: Markit Aug PMIs below consensus (Manuf 49.9 v 50.5 exp; Services 50.9 v
52.8 exp). Dollar weakening, Tsys rallying. A few highlights from release:
- Weak corporate growth: "Private sector companies revealed a marked slowdown in
new business growth in August, with the latest upturn in order books the weakest
since the series began in October 2009.... Survey respondents often cited
subdued corporate spending in response to softer business conditions and
concerns about the global economic outlook."
- On exports (manuf): "new export sales falling at the fastest pace since August
2009"
- On prices: "prices charged by private sector companies decreased for the first
time in three-and-a-half years"
- On overall growth: "Data point to annualized GDP growth of around 1.5%. "

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