It’s Not Nothin’! May PMIs Turn Butt Ugly

“Growth of business activity slowed sharply in May as trade war worries and increased uncertainty dealt a further blow to order book growth and business confidence. “A decline in the headline ‘flash’ PMI to its lowest for three years pushes the survey data down to a level historically consistent with GDP growing at an annualized rate of just 1.2% in May. Worse may be to come, as inflows of new business showed the smallest rise seen this side of the global financial crisis.

 

 

www.zerohedge.com/news/2019-05-23/us-pmis-crash-business-confidence-collapses-7-year-lows

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