Manufacturing PMI Slides As New Orders And “Subdued Domestic Demand” Weigh On Growth Hopes
by Tyler Durden
ZeroHedge.com
Sep 23, 2016
The brief July spike hopes of a rebound are officially dashed on the rocks of reality as Markit’s Manufacturing PMI (preliminary) print for September missed expectations of 52.0, dropping to 3mo lows at 51.4. New orders and inventories declined but payrolls picked up modestly despite lsowing output. As Markit noted, “softer new order gains… alongside reports of subdued domestic demand” are the main concern.
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