US manufacturing PMI falls sharply

04/24/2020

US manufacturing PMI falls sharply

The IHS Markit US Manufacturing PMI fell to 36.9 in April of 2020 from 48.5 in March, below market expectations of 38. The reading pointed to the sharpest contraction in factory activity in 11 years amid the cancellation or postponement of both domestic and foreign orders following the coronavirus pandemic escalation, preliminary figures showed.

Posted by Better Trader on 04/24/2020 at 03:40 PM in Glogal macro | Permalink

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Better Trader

04/24/2020