US Manufacturing PMI Collapses To 2009 Lows (As Fed Readies Rate Hike?)

by Tyler Durden
ZeroHedge.com
05/23/2016

So much for the huge China credit impulse spreading around the world. After this morning’s extremely disappointing European data, US Manufacturing’s flash PMI for May printed a disappointing 50.5 – its lowest since 2009.Under the surface the state of American manufacturing is even more disastrous as Markit notes, output is falling for the first time since the height of the global financial crisis, with factories hit by slowing growth of order books and falling exports.

The Rest…HERE

This entry was posted on Monday, May 23rd, 2016 at 10:15 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.