US manufacturers and service sector companies will focus on a key activity number next week to assess the damage from Donald Trump’s tariffs.
A monthly composite poll by S&P Global of purchasing managers, to be published on Wednesday, will be an important barometer of how manufacturers and service providers reacted to the US president’s tariff blitz on April 2 and the subsequent 90-day pause announced on April 9.
The consensus for manufacturing is projected to fall from 50.2 last month to 49.4, while the PMI for service providers is expected to fall from 54.4 to 52.8. A number above 50 indicates growth, while below 50 points to a contraction.
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