‘Some Are Going Bust’: US Services Sector On The Brink

IHS Markit's gauge of services activity in the US was revised slightly higher for March to 39.8 from 39.1 in the flash reading, but it's still the lowest print in series history and represents a truly incredible 15.5-point decline from a year ago, and a 10-handle drop from February. New business fell to 40 from 50.2 the previous month. That's the lowest reading on record. "US service providers registered the steepest decline in business activity since data collection began ten-and-a-half years