(IHS Markit) U.S. Composite PMI output index fell to a four-month low of 59.7 in July from 63.7 in June.
The fall in composite output happened even as manufacturing PMI hit a series record of 63.1 in July, up from 62.1 in June.
Manufacturing output index came at 59.5, up from 58.9 in June, a 2-month high.
The services business activity index was down to a five-month low of 59.8 from 64.6 in June.
Manufacturing recorded an uptick in the speed of expansion on production while the service sector reported a loss with the labor shortages.
Input price inflation, including raw materials and transportation prices, remained at elevated levels in July.
Business confidence fell to a seven-month low on rising price pressures and material shortages amid fresh impacts of Covid-19.
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