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FTDS - Global Sector PMI Data Show Economic Growth Being Led By Consumer Services Demand
FIRST TRUST EXCH
Consumer goods industries remain hamstrung by supply chain bottlenecks, soaring costs, and the shift in spending toward services, reporting only modest growth in May to contribute to a broader manufacturing malaise.
Global economic growth continued to be fueled first and foremost by resurgent demand for consumer services in May.
Food production, with soaring food prices is a major global issue.