Economic activity in the United States declined in April

Data released by the Market Corporation today showed that the Composite PMI, which groups the industrial and service sectors in the United States, fell to 27.4 points in April from 40.9 points in March, the lowest level since 2009.

The Services PMI, which represents two-thirds of the US economy, fell to an all-time low of 27.0 points in April, compared to 39.8 points in March, and analysts had expected the services sector to decline to 31.5 points in April.

The manufacturing purchasing managers' index, which represents 11% of the US economy, fell to 36.9 points in April, compared to 48.5 points in March, the lowest level since March 2009, and the new orders index fell to its lowest level since early 2009.