The U.S. economy performed less than expected in May
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.
Related news
In the United States, producer prices rose more than expected in June
The US producer price index rose more than analysts had…
Read more >Americans almost only buy bargain foods
For American consumers, the economic situation is increasingly challenging, especially…
Read more >In April, the personal consumption price index stagnated in the United States
In April, the personal consumption expenditures (PCE) price index excluding…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >