While 'hard' data has been improving recently albeit then downwardly revised a month later, it is the 'soft' survey data that has collapsed amid Bidenomics. Source Bloomberg And this morning continued that trend as S&P Global's US Manufacturing PMI survey fell from 51.9 in March to 50.0 as the final print for April 49.9 flash. ISM's Manufacturing survey also missed, dropping from 50.3 to 49.2 contraction.
In contrast, consumer goods producers reported a further strengthening of demand, hinting that the broader consumer-driven economic upturn remains intact. “Producers on the whole also seem confident enough in the business outlook to continue adding to payroll numbers at a pace that compares well with the average seen over the past two years, investing further in operating capacity.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Motorsport - 🏆 11. / 86 Read more »