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Flash PMI data show U.S. economic downturn 'gathering significant momentum' in October, says S&P Global

Por: MarketWatch Politics October 24, 2022

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Economists polled by the Wall Street Journal had expected manufacturing to rise to 51.8 in October and for the service sector to rise to 49.7. Key details: In the service sector, the downturn was fueled by the rising cost of living and tightening financial conditions. New orders in the manufacturing sector fell back into contraction territory in October. Output remained resilient due to firms eating into backlogs of previously placed orders,... + full article



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