Services and manufacturing surveys from Markit for April 2019
- Prior was 55.3
- Manufacturing 52.4 vs 52.8 expected
- Prior manufacturing 52.4
- Composite 52.8 vs 54.6 prior
The services number is a disappointment and the lowest since March 2017 while manufacturing is close to expectations.
USD/JPY has ticked a bit lower on the headlines, down to 111.88 from 111.95. That's hardly the kind of move to get the blood moving but the data adds to the confusion about the US economy, especially after today's retail sales number was upbeat.
