Trade hits US PMI figures

01 October 2019

 

US purchasing managers' indices (PMIs) have been sliding since August 2018, albeit from elevated levels. After reaching a cyclical peak in September 2017, manufacturing PMI readings went sideways for a year before they started a downtrend. The latest reading has continued in this fashion, taking it to troubling levels.  US manufacturing activity has slowed for a sixth consecutive month, taking it further into contractionary territory. According to the latest Institute...

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