US April manufacturing PMI dips to lowest level since Sept 2009
According to Markit, softer manufacturing output and new business growth as well as weaker employment were the main factors weighing on the headline PMI during April. The data showed that manufacturing employment posted the weakest rise since June 2013. Economists commented that the recent figures may signal that the US’ economic growth could weaken towards stagnation in the second quarter.
In the first quarter, the US economy expanded 0.7% on an annual basis.
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