US PMI composite rose to 36.4, GDP to decline -37% annualized in Q2

<p>US PMI Manufacturing recovered to 39.8 in May, up from 36.1, PMI Services rose to 36.9, up from 26.7. PMI Composite rose to 36.4, up from 27.0. Chris Williamson, Chief Business Economist at IHS Markit, said: “The severe drop in business activity in May comes on the heels of a record downturn in April, adding […]</p>
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