US Manufacturing Slumps In May, New Orders & Jobs Contract
Jul 1st 2022 10:04am EDT
US Manufacturing Slumps In May, New Orders & Jobs Contract Analysts expected Manufacturing PMI to be flat from its ugly preliminary print of 52.4 and saw ISM Manufacturing dropping to 54.5 from 56.1 – both still comfortably in expansion (above 50) despite the collapse in US macro data relative to expectations. BUT… things improved intra-month […]
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