US services sectors drops to all-time low

2020-03-24 19:22:02 GMT (Economies.com)

The US manufacturing and services sectors slowed down this month due to the impact of the coronavirus, especially the services sector, which accounts for about two thirds of the US total GDP.

 

IHS Markit revealed today that the services PMI contracted to 39.1 points in March, its lowest reading on record, and the largest monthly drop since October 2009, vs. February's reading of 49.4 points.

 

The manufacturing PMI fell to the lowest level in more than ten years at 49.2 points during March.

 
 
 
  Symbol Last Change Chg.%
1.0809
-0.0326
2.9264%
1.2267
-0.0188
1.5090%
Tadawul
6752.19
2.50
0.04%
14.417
-0.029
0.201%
28.815
6.987
32.012%
34.94
5.00
16.70%
1620.000
-0.150
0.009%
 
 
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