FXStreet – the Index Of U.S. purchasing managers remained above the growth threshold of 50 points, signalling but the weakest improvement in business conditions since last September, according to the market research institution Markit on Thursday.
The most recent set of data indicates a continuing slowdown in growth of the 22-month High, which was reached in January (55,0). This is due to a weaker new business growth and lower job growth.
The volume of production rose for the twelfth month in a row. The pace of expansion has recovered from a Seven-month Low, which was reached in April, but remained modest.
New orders rose in may, although the pace of expansion corresponded to the weakest pace since September of 2016.
** FXStreet News Editorial, FXStreet**