S&P Global final April services 51.3 vs 50.9 prelim ...Middle East

Prelim was 50.9Prior was 51.7Composite PMI 51.3 vs 50.9 prelimPrior composite PMI was 52.1Services PMI 51.3 vs 50.9 prelim. Last month the PMI was 51.7In their own words, Chris Williamson, business economists at S&P global market intelligence said:"Service sector growth slowed in April to point to a sluggish start to the second quarter for the US economy. Alongside a concomitant cooling in the rate of growth of manufacturing output, the weaker service sector performance means overall business activity grew in April at the slowest rate seen so far this year. At current levels, the PMI indicates that GDP is expanding at a modest annualized rate of approximately 1.5% so far in the second quart

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S&P Global final April services 51.3 vs 50.9 prelim ...Middle East

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