US Growth In Good Zone For Equities
(1 min read)
Over the past week, we’ve seen a raft of US activity data for May. Manufacturing PMIs surveys (ISM and Markit) were weak, and so was labour market data. Services PMI data were mixed (ISM up, Markit down). Small business sentiment and auto sales were strong. They confirm the loss of momentum in the US economy but suggest that it is still some way from recession.
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