US Services Sector Slumps In Feb, Manufacturing Hits 17-Month-High
February 22, 2024 at 09:57 AM EST
The US Services PMI plunged in preliminary February data (from 52.5 to 51.3) by the most since August 2023 (as hard data declined). However, according to S&P Global, US Manufacturing ‘soft’ survey data rose to 51.5 – its highest in 17 months… Source: Bloomberg This is the first time that Manufacturing is expanding faster than […] Source
