Property Advertisement - AMO Residence for sale!

Property Advertisement - AMO Residence for sale!
Click on the banner for more details.

Search This Blog

Sunday, May 3, 2020

The US ISM PMI in April had worsened.


The prices dropped to 35.3 (-2.1) because of a significant decline in new orders including new export orders and local orders. The producers were unwilling to pay for the price increases as the outlook was gloomy due to the covid outbreak. The consumers also continued to pull back their spendings. The customers’ inventories increased because of a significant decline in new orders and not due to producers increasing their stocks. In fact, the producers cut their production and employees because of the gloomy outlook. The supplier’s deliveries increased to 76 because of a delay in deliveries (longer delivery period) due to the lockdown. The PMI is in the low 40s now which denotes that the US is already in a recession (-4.8 in Q1). The Q2 figure will definitely be worse than Q1 as the PMI has worsened.

http://sg-stock.blogspot.com/2020/04/the-us-ism-pmi-for-march-2020-is.html

No comments: