U.S. Economy Slows to 'Near Standstill' as Omicron, Supply Chain Delays, and Inflation Surge
Companies, agencies, institutions, etc
Omicron
EconomyPoliticsIHS MarkitmanufacturingPMIServices Sector
People
IHS Markit
Chris Williamson
IHS Markit.“This
Breitbart
Groups
No matching tags
Physical locations
No matching tags
Places
No matching tags
Locations
the United States
U.S.
Events
No matching tags
Summary
Economists had forecast a reading of 56.7.“Soaring virus cases have brought the U.S. economy to a near standstill at the start of the year, with businesses disrupted by worsening supply-chain delays and staff shortages, with new restrictions to control the spread of Omicron adding to firms’ headwinds,” said Chris Williamson, chief business economist at IHS Markit.The flash composite measures economic activity in both the services and manufacturing sides of the economy.
As said here by John Carney