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IHS Markit : Latest U.S. PMI Data Indicate Rate Of Collapse In U.S. Economy Peaked In April
Thursday, 21 May 2020 21:27 WIB | ECONOMY |Ekonomi ASPMI AS

U.S. private sector firms reported a slightly slower rate of contraction in activity in May, according to latest PMI data from IHS Markit.

The firm said its flash manufacturing purchasing index rose to 39.8 in May from 36.1in April. Meanwhile the flash services purchasing managers index rose in May fell to 36.9 from 26.7.

Any reading below 50 indicates worsening conditions. The flash estimate is typically based on approximately 85%-90% of total survey responses each month.

Source : Market Watch

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