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US economic output hits 16-month low in April, expectations crater [View all]
Yahoo Finance
US economic output hits 16-month low in April, expectations crater
Josh Schafer, Myles Udland
Wed, April 23, 2025 at 11:30 AM EDT
3 min read
US economic activity continued to sink this month amid uncertainty around tariff policy.
New data from S&P Global out Wednesday showed its flash composite PMI output index, which captures activity in the services and manufacturing sectors, fell to 51.2 in April, hitting its lowest level in 16 months.
Manufacturing activity rose to 50.7, up from 50.2 in March, while services activity fell to 51.4 from 54.4. Readings above 50 indicate an expansion in activity in the sector; readings below 50 indicate contraction.
{snip}
US economic output hits 16-month low in April, expectations crater
Josh Schafer, Myles Udland
Wed, April 23, 2025 at 11:30 AM EDT
3 min read
US economic activity continued to sink this month amid uncertainty around tariff policy.
New data from S&P Global out Wednesday showed its flash composite PMI output index, which captures activity in the services and manufacturing sectors, fell to 51.2 in April, hitting its lowest level in 16 months.
Manufacturing activity rose to 50.7, up from 50.2 in March, while services activity fell to 51.4 from 54.4. Readings above 50 indicate an expansion in activity in the sector; readings below 50 indicate contraction.
{snip}
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