US PMI figures “disappointing” despite rise

01 November 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 represents a turnaround but calling an end may be premature.  US manufacturing activity rebounded to some extent after having slowed for six consecutive months. According to the latest Institute of Supply...

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