US PMI composite dropped to 27.4, historically dramatic contraction in Q2

<p>US PMI Manufacturing dropped to 36.9 in April, down from 48.5, a 133-month low. PMI Services dropped to 27.0, down from 39.8, a record low. PMI Composite dropped to 27.4, down from 40.9, also a record low. Chris Williamson, Chief Business Economist at IHS Markit, said: “The COVID-19 outbreak dealt a blow to the US […]</p>
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