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New recession warning in the US: PMIs drop to May 2020 levels and the services sector sinks

If the advance PMIs for July in the eurozone have been a blow to reality this Friday, those of the US have redoubled the impact. The purchasing managers’ indices (PMI), one of the thermometers of the economic situation, paint a more than gloomy picture in the world’s leading economic power. Composite PMI flash July falls …

New recession warning in the US: PMIs drop to May 2020 levels and the services sector sinks Read More »