PMI Surveys Show Manufacturing Slump, Services Jump In July After rallying to multi-year highs in June, the preliminary July print for S&P Global’s US Manufacturing PMI tumbled to 49.5 – its lowest level of the year. At the same time, US Services soared to 55.2 – its highest since Dec 2024 Source: Bloomberg Chris Williamson, Chief Business Economist at S&P Global Market Intelligence: “The flash PMI data indicated that the US economy grew at a sharply increased rate at the start of the third quarter, consistent with the economy expanding at a 2.3% annualized rate. That represents a marked improvement… — Continue at ZeroHedge News : Read More
