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August S&P Global US Flash Manufacturing Falls, Services Measures Rise

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The August flash reading of manufacturing conditions from S&P Global fell to a five-month low reading of 53.2 from 53.9 in July, compared with expectations for no change in a survey compiled by Bloomberg as of 7:35 am ET.

The index indicates slower expansion. The New York and Philadelphia Federal Reserve banks indicated faster expansion.

The index for services conditions rose to a 20-month high reading of 56.8 in August from 54.6 in July, compared with expectations for a decrease to 54.0.

The services index indicates faster expansion in the sector, while the New York Federal Reserve bank suggested slower expansion.

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