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US economic upturn eases in April amid survey record inflation pressures
Latest ‘flash’ PMI™ data from S&P Global signalled a strong, but slower increase in business activity across the US economy in April. Although still faster than January’s Omicron-induced slowdown, overall growth was dampened by a softer rise in service sector output following pressure on customer spending as prices continued to increase markedly. Manufacturers, on the other hand, indicated a stronger expansion in production on the back of rising demand. The headline Flash US PMI Composite Output Index registered 55.1 in April, down from 57.7 in March. The latest data indicated a strong rise in private ... (full story)
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