The U.S. economy performed less than expected in May

By: Trademagazin editor Date: 2020. 05. 21. 11:03

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The U.S. economy performed less than expected in May from the previous month, according to a survey by the London-based financial and economic data provider IHS Markit.

U.S. private companies gained some strength in parallel with the reopening of the economy, but their production remained significant and demand fell sharply in both the manufacturing and services sectors.

In May, the measure of economic performance, the composite purchasing manager index (PMI), rose to 36.4 points from 27.0 points in the previous month, but since the beginning of data aggregation in late 2009, April and May are still the two weakest values.