which captures activity in both the services and manufacturing sectors, came in at 50.9 in April, its lowest reading in four months. April's print was down from the 52.1 reading seen in March and below economists expectations for 52.
"It's going to be interesting to watch this and see how that persists," Williamson said. "But certainly the second quarter so far is not looking as strong as the first quarter, which I think is pretty much in line with what most people were anticipating. It was a good start to the year losing some momentum."showed a decline in new orders for the first time in six months while companies scaled back on employment for the first time in nearly four years..
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