Weak GDP Growth Projected for U.S. Q4 as Per PMIs, Despite Prices Remain Elevated

The Composite US PMI’s unexpected rise to 51.0 in December masks deeper economic issues, notably a worrying decline in Manufacturing, which fell to 48.2. This downturn in manufacturing, set against a backdrop of weak global data, signals significant and persistent challenges in the economy despite a marginal improvement in Services.

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