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 Truist Shares Why Gold Still Has More Upside READ MORE Raw Material Stocks Climb Amid Fed Speculation READ MORE The TRUTH About Costco Gold Bars READ MORE China's Middle Class and Youth Turn to Gold as Traditional Markets Lose Shine READ MORE Your Ultimate Guide to the Gold Market READ MORE Add a Comment Cancel replyYour email address will not be published.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