S&P Reports Factory Layoffs Near 2008 Levels Amid Strong Manufacturing Data
Despite a stronger-than-expected manufacturing PMI of 55.7 in June, S&P Global warns that factory job cuts are approaching levels last seen during the 2008 financial crisis. This raises concerns about underlying demand and sustainability amid inflationary pressures.
Tickers: $SPGI
Topics: economic concerns factory layoffs manufacturing PMI S&P Global