The PMI composite flash came in weaker than expected, with Kevin Green saying higher prices and weaker demand drove the miss. The read signals a potential drag on economic growth by combining inflationary pressure with slowing demand. This could weigh on cyclical sectors and increase downside risk to near-term activity.
The PMI composite flash came in weaker than expected, with Kevin Green saying higher prices and weaker demand drove the miss. The read signals a potential drag on economic growth by combining inflationary pressure with slowing demand. This could weigh on cyclical sectors and increase downside risk to near-term activity.
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Request a DemoOverall Sentiment
mildly negative
Sentiment Score
-0.30
