US Composite PMI rises to 51.7 in April

S&P Global reported on Tuesday (5) that the United States Composite Purchasing Managers' Index (PMI) The index – which includes the services and manufacturing sectors – rose from 50.3 in March to 51.7 points in April. Despite this result, the market had expected a higher increase, to 52.0.

THE Services PMI It also rose during the period, from 49.8 to 51.0 points, however, this was also below the projection, which pointed to 51.3 points. 

Despite the negative performances, both indicators remain above 50 points, which indicates an expansion of economic activity.

This text was translated by machine from Brazilian Portuguese.