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BIDEN ECONOMY: Business Activity Slumps as Manufacturing and Services Contract More Than Expected

Added 11-25-22 12:02:03pm EST - “The Mainstream media won't tell you but the Biden economy is bad and getting worse.? ? The results for November's PMI are not good.? FXStreet reports: The business activity in the US service sector continued to contract at an accelerating…” - Thegatewaypundit.com

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Posted By TheNewsCommenter: From Thegatewaypundit.com: “BIDEN ECONOMY: Business Activity Slumps as Manufacturing and Services Contract More Than Expected”. Below is an excerpt from the article.

The business activity in the US service sector continued to contract at an accelerating pace in early November with the S&P Global Services PMI dropping to 46.1 from 47.8 in October. This print missed the market expectation of 47.9.

“In line with weak demand, new business fell at a solid pace in November,” S&P Global elaborated. “The second successive monthly decrease in new orders was the sharpest seen since May 2020.”

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