-
US output growth slows to 18-month low as Omicron wave exacerbates supply delays and labor shortages
US private sector firms signalled a marked slowdown in growth at the start of 2022 amid softer demand conditions, worsening supply chain disruptions and labor shortages linked to the Omicron wave. Adjusted for seasonal factors, the IHS Markit Flash US Composite PMI Output Index posted 50.8 in January, down notably from 57.0 in December. The resulting upturn in activity was only marginal, and the slowest since July 2020. The slowdown in output growth was broad-based, with both manufacturing and service sector firms reporting near-stalled output as the steep spike in virus cases associated with the Omicron wave meant ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 24, 2022 9:49am Jan 24, 2022 9:49am
- Prof.Trader
- | Commercial Member | Joined Jan 2018 | 718 Comments
- Comment #2
- Quote
- Jan 24, 2022 9:56am Jan 24, 2022 9:56am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #3
- Quote
- Jan 24, 2022 10:09am Jan 24, 2022 10:09am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
- Comment #4
- Quote
- Jan 24, 2022 10:11am Jan 24, 2022 10:11am
- swing77
- Joined Oct 2015 | Status: Ltf market | 1510 Comments
- Comment #5
- Quote
- Jan 24, 2022 10:29am Jan 24, 2022 10:29am
- Prof.Trader
- | Commercial Member | Joined Jan 2018 | 718 Comments
- Comment #6
- Quote
- Jan 24, 2022 1:14pm Jan 24, 2022 1:14pm
- umbrella man
- | Joined Aug 2009 | Status: Member | 552 Comments