Manufacturing Leads, Services Follow: ISM Collapses To Weakest Since March 2014 As “Pace Of Hiring” Slows

Wednesday, January 6, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/06/2016

As goes US manufacturing, so goes US services. In a narrative-crushing print, US Services PMI dropped to 54.3 – the lowest since January 2015. Output and New business growth slumped to 11-month lows, optimism dropped, and input cost inflation continued to moderate as “suggests the pace of hiring has slowed since earlier in the year as businesses have become more cautious.” Then, confirming this plunge, ISM Services printed 55.3 – its lowest since March 2014 as unadjusted new orders collapsed to their lowest since February 2014.

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