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 Why It’s Time to Stop Taxing Gold & Silver READ MORE Starbucks, McDonald's Feel the Pinch as Diners Tighten Belts READ MORE China Seeks to Avoid Trade War in Response to EU Car Tariffs READ MORE UBS Positive on Gold, May Rise to $2,500 READ MORE Iran’s Currency Hits a Record Low READ MORE Add a Comment Cancel replyYour email address will not be published.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