“No End In Sight To Current Downturn” – US Manufacturing Plunges To Sept 2009 Lows
by Tyler Durden
ZeroHedge.com
05/02/2016
Following April’s flash PMI print plunge to cycle lows – blamed on the presidential election uncertainty – Markit’s Final Manufacturing PMI printed 50.8 (as expected) its lowest since September 2009. New orders weakened further as the rate of job creation tumbles to thre-year lows. ISM Manufacturing fell back from its oddly decoupled bounce to July 2015 highs to a coincidental 50.8 (missing expectations of 51.4). As Markit concludes, apparently peddling fiction, “the April PMI data suggest there’s no end in sight to the current downturn in manufacturing activity…raising question marks over whether GDP growth will improve on the near-stalling seen in the first three months of the year.”
The Rest…HERE
