Services PMI Tumbles To 6-Month Lows: “GDP Growth Is Failing To Accelerate In Q3”

by Tyler Durden
ZeroHedge.com
Aug 25, 2016

Following Manufacturing PMI’s drop from a two-month bounce, Services PMI also tumbled. Against expectations of a rise from 51.4 to 51.8, Services dropped to 50.9 – lowest since Feb 2016. With the lowest jobs data in 20 months, new orders at their weakest since May, as Markit warns, “GDP growth is failing to accelerate in the third quarter from the weak 1.2% pace seen in the second quarter.”

The Rest…HERE

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