New Overnight Developments Abroad - Daily Update
Some Reasonably Good Data Reports But Debt Ceiling Countdown Rumbling On
May 23, 2023
Preliminary purchasing managers surveys for May reported this Tuesday all exceeded the 50 level that separates activity that is expanding from activity that is contracting. The S&P Global U.S. composite PMI reading rose 1.1 points to a 13-month high of 54.5, but the gulf between services (a 13-month high of 55.1) and manufacturing (a 3-month […] More
