USA: composite PMI revised upwards for April

(CercleFinance.com) - Growth in the US private sector slowed less than initially estimated in April, according to S&P Global's composite PMI, which ultimately came in at 51.
3, compared with a flash estimate of 50.9 and 52.1 for the previous month.

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

S&P Global points out that weaker production growth was observed in both manufacturing and services, and that new orders saw their first decline in six months.

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