The Escalating Battle for Liquidity
Jun 2, 2023
• 8
Min Read
PMIs Show Slowing Economic Growth
There was a significant amount of economic data released this week, with particular attention given to the PMI data, which is considered a reliable indicator of economic activity. In May, the manufacturing sector in the US experienced its seventh consecutive month of contraction, as indicated by the Manufacturing ISM Report. The Manufacturing PMI for May was recorded at 46.9, a data point that suggests a recessionary environment.
The report highlights the challenges faced by the manufacturing sector, including a decline in new orders, low backlogs, and ...