Analysis: The initial PMI data indicates that the recent economic growth momentum in the United States is weakening.

Odaily Planet Daily News: S&P Global Market Intelligence’s Chief Business Economist Chris Williamson stated that the initial PMI data for December indicates that recent economic growth is losing momentum. Although survey data shows that the annualized GDP growth rate for the fourth quarter is about 2.5%, growth has slowed for two consecutive months. As new sales growth sharply declines before the holiday season, economic activity may further slow down by 2026. Signs of economic weakness are also widespread, with a nearly stagnant inflow of large service sector new orders and factory orders experiencing their first decline in nearly a year. Although manufacturers continue to report production increases, the decline in sales suggests that current production levels are unsustainable. Unless demand recovers in the new year, production may need to be reduced. Service providers reported that December’s sales growth was one of the slowest months since 2023. (Jin10)