FX.co ★ US Economic Activity Slows as S&P Global Composite PMI Drops to 51.2 in April

The latest data from April 2025 reveals a slowdown in US economic activity, as the S&P Global Composite PMI declined to 51.2, down from 53.5 in March. Released on April 23, 2025, this development indicates that while the US economy continues to expand, the pace has significantly decelerated compared to the previous month.

The S&P Global Composite PMI, which provides a comprehensive view of the manufacturing and services sector economic activity, dropping to 51.2, suggests a weaker expansion. A reading above 50 generally indicates expansion, whereas a figure below 50 points to a contraction. The slide suggests that the various sectors of the American economy are experiencing a dampened growth trajectory, possibly due to a combination of factors affecting market conditions.

This updated PMI reading is crucial for economists and policy-makers as they assess the health of the economy and ponder any necessary fiscal or monetary interventions. The decline may reflect challenges such as uncertainties in domestic and global markets, inflationary pressures, or supply chain disruptions, all influencing business confidence and activity levels. As analysts delve into the data, businesses and investors are advised to stay vigilant and adaptive to the changing economic landscape.