USA: composite PMI estimated to decline in April

(CercleFinance.com) - Growth in the US private sector slowed in April, according to S&P Global's composite PMI, which came in at 50.
9 in flash estimates, compared with 52.1 in final data for the previous month.

For the record, the 50-point threshold separates expansion and contraction in a sector's activity: the higher the PMI above this threshold, the faster the pace of expansion.

S&P Global explains that production is experiencing its weakest growth since the beginning of the year, due to reduced growth rates and a contraction in orders in both manufacturing and services.

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