International Economic

US economic activity picks up to more than two-year highs, PMIs show

By Alexander Bueso

Date: Thursday 23 May 2024

(Sharecast News) - Economic activity in the US picked up unexpectedly in May, the results of two surveys revealed.
S&P Global's preliminary composite Purchasing Managers' Index jumped from a reading of 51.3 for April to 54.4 in May (consensus: 51.1) - a 25-month high.

Services activity accelerated the most with...

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