US Manufacturing PMI Tumbles To Lowest In 16 Months As New Orders Tumbled
by Tyler Durden
ZeroHedge.com
05/21/2015
Having dipped and missing by the most on record in April, Markit’s US Manufacturing PMI printed 53.8 (against expectations of 54.5). This comes on the heels of weakness in European PMIs (especially Germany – but but but lower EUR… exports, growth, etc…) and Chinese PMIs. This is the lowest US Manufacuring PMI since Jan 2014 (in the middle of the polar vortex). May saw the slowest rise in new orders since Jan 2014 – but the post-weather rebound? – and input costs rrise for the first time in 2015. Markis now carefully noting that “the survey is likely to encourage policymakers to err on the side of caution.”
The Rest…HERE
