The Markit composite PMI is barely above contraction level. Economic activity in the US is at the stall rate.
The IHS Markit Flash U.S. PMI™ shows business activity growth falters to a three-year low.
Flash U.S. Composite Output Index at 50.9 (53.0 in April). 36-month low.
Flash U.S. Services Business Activity Index at 50.9 (53.0 in April). 39-month low.
Flash U.S. Manufacturing PMI at 50.6 (52.6 in April). 116-month low.
Flash U.S. Manufacturing Output Index at 50.8 (52.7 in April). 35-month low.
Chris Williamson, Market Chief Business Economist Comments
“Growth of business activity slowed sharply in May as trade war worries and increased uncertainty dealt a further blow to order book growth and business confidence.”
“A decline in the headline ‘flash’ PMI to its lowest forRead More »