US Economy Shows Robust Growth, But Dichotomy Emerges Between Sectors
The US economy is experiencing its fastest pace of growth since April 2022, according to the latest data from S&P Global. The flash US composite Purchasing Managers’ Index (PMI), which measures activity in both the services and manufacturing sectors, reached 54.5 in May, surpassing economists’ expectations of 53.0. This notable increase marks a 13-month high…