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Flash PMIs show surging growth in May

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Composite PMI jumps in May to highest level in over two years, led by services. Price pressures also pick up. Initial jobless claims decline, as labor demand remains robust. CFNAI falls in April, but trend level consistent with continued economic growth. New home sales decline amid high mortgage rates and other affordability challenges.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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