 Manufacturing 46.8 vs 46.0 expectedPrior was 46.2Services PMI 46.6 vs 45.0 expectedPrior services 44.7Composite 46.6 vs 44.6 priorNew orders declined, led by manufacturingCost burdens increased for the first time in eight monthsBacklogs of work fellBusiness optimism hit a four-month highThis is a better reading but below 50 still points to a contraction. Commenting on the US flash PMI data, Chris... 