The latest data from S&P Global has shown a decline in the US Manufacturing Purchasing Managers' Index (PMI) for the month of April 2024. The indicator dropped to 49.9, down from 51.9 in March 2024. This decrease suggests a slowdown in the manufacturing sector, raising concerns about the state of the US economy.
Investors and analysts are closely monitoring these figures as they indicate the health of the manufacturing industry, which plays a significant role in the overall economic performance of the country. The updated data was released on 23rd April 2024, highlighting the recent downturn in manufacturing activity. Experts will be watching for further developments to assess the future trajectory of the US economy.
