US Services Economy Catches Down To Manufacturing – Slumps To Weakest In 13 Months
by Tyler Durden
ZeroHedge.com
01/26/2016
Following December’s disappointing drop in Services PMI data, January’s initial print of 53.7 (missing expectations of 54.0) is the weakest since December 2014. It appears the “manufacturing recession doesn’t matter” meme was wrong after all. As Markit notes, the survey data paint an inauspicious start to the year for the US economy.
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