US Composite PMI Suggests the Economy is On the Verge of Recession
Mish Talk
NOVEMBER 25, 2022
Flash US Manufacturing Output Index at 47.2 Flash US Manufacturing PMI at 47.6 The PMI numbers are diffusion indexes. Lower output was seen across both manufacturing and service sectors amid increasingly steep downturns in demand. Key Findings Flash US PMI Composite Output Index at 46.3 October: 48.2). 3-month low.
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