"The US economy has lost some momentum after an initial bounce-back from weather-related weakness at the start of the year"

“Alongside the slowdown in manufacturing, the services PMI points to the weakest pace of US economic growth since January."

“The softness of the data raises big question marks for policymakers over the strength of the rebound and whether the economy is losing momentum as it heads into the summer."

“The strong dollar is clearly hurting, with new orders growth deteriorating in both manufacturing and services."