Industrial Recession Now Inevitable As Manufacturing ISM Worst In Six Years
by Tyler Durden
ZeroHedge.com
01/04/2016
Following China’s disappointing drop in Manufacturing PMI overnight, this morning started off poorly with Canada’s PMI crashing to its lowest reading since records began at 47.5. Then US Manufacturing PMI tumbled to 51.2 – its lowest print since October 2012 (with US factory orders collapsing to weakest since 2009). But The ISM Manufacturing crashed to 48.2 (deep in contraction) – the weakest level since June 2009, with employment bumping along at its lowest level since September 2009 and imports (reflecting domestic demand perhaps) crashed to levels only seen twice in 20 years.
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