U.S. Economic Momentum Slows, S&P Surveys Indicate April saw the U.S. economy lose steam, according to recent S&P surveys, with businesses experiencing a downturn in new orders and a cutback in employment—the first since the pandemic began. The manufacturing purchasing managers index (PMI) dropped to a four-month low of 49.9, slipping below the growth threshold from 51.9 in March. Similarly, the services PMI decreased to 50.9 from 51.7, marking a five-month low. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BullionStar Financials FY 2023 – Year in Review READ MORE CBO Report: U.S. National Debt to Exceed $56 Trillion by 2034 READ MORE Inflation Reports to Determine Gold's Trajectory: All Eyes on CPI and PPI READ MORE Powell Signals Fed's Readiness for Rate Cuts at Jackson Hole READ MORE US Crude Oil Holds Strong Above $80 Despite Mixed Data READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment