US Flash PMI Cools In May, S&P 500 Extends Losses As Economic Growth Slows
May 24, 2022 at 19:00 PM EDT
US economic activity continued to cool in the second quarter, dampened by soaring price pressures, softening demand, and deterioration in supplier delivery times. The Flash Composite Purchasing Managers’ Index fell to a reading of 53.8 in May.
