According to Jinse Finance, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated that preliminary PMI data for December indicates recent economic growth is losing momentum. Although survey data shows that fourth-quarter GDP growth was approximately 2.5% at an annualized rate, growth has slowed for two consecutive months. With new sales growth slowing sharply ahead of the holiday season, economic activity is likely to slow further into 2026. Signs of economic weakness are also widespread, with a massive influx of new orders in the service sector nearly stalled, while factory orders saw their first decline in nearly a year. While manufacturers continue to report output growth, declining sales suggest that current production levels are unsustainable and output reductions are necessary unless demand recovers in the new year. Service providers reported that December's sales growth was one of the slowest since 2023.
Market Analysis: Preliminary PMI Data Shows US Economic Growth Momentum is Weakening
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