US PMI composite dropped to 40.5, already in a recession that will deepen further

<p>US PMI Manufacturing dropped to 49.2 in March, down from 50.7, hitting a 127-month low. PMI Services dropped to 39.1, down from 49.4, record low. PMI Composite dropped to 40.5, down form 49.6, also a record low. Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit, said: “US companies reported […]</p>
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