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BREAKING: U.S. PMI worse than expected

3:55 PM 21 February 2020

The recent U.S. PMI reading showed a significant decrease compared with market forecasts. The Manufacturing PMI equals 50.8 (est. 51.5). The figure still indicates expansion, but slowdown is already visible (previous 51.9). Both Markit Composite PMI (49.6) and Services PMI (49.4) fell below key 50 level. Markit Composite figures are the worst since 2013. Moreover, Services PMI reading is far worse than forecasts (est. 53.0)

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