Growing “Signs Of Distress” In US Manufacturing Data Demolish Decoupling Dream

Tuesday, March 1, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/01/2016

Following the weakness in global PMIs, and yesterday’s Chicago PMI collapse, US Markit Manufacturing PMI dropped to cycle lows at 51.3 from 52.5 (very slightly better than expectations of 51.2) with job growth at 5-month lows, production at slowest in 28 months, and work backlogs tumbling to the lowest since Sept 2009. Then ISM Manufacturing hit, hovering at its weakest in 7 years rose modestly to 49.5 but remains in contraction for the 5th month in a row (longest streak since 2009). As Markit concludes, “the February data add to signs of distress in the US manufacturing economy.”

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