Weak GDP Growth Projected for U.S. Q4 as Per PMIs, Despite Prices Remain Elevated
December 15, 2023
The Composite US PMI’s unexpected rise to 51.0 in December masks deeper economic issues, notably a worrying decline in Manufacturing, which fell to 48.2. This downturn in manufacturing, set against a backdrop of weak global data, signals significant and persistent challenges in the economy despite a marginal improvement in Services.
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