“Things Have Tapered Off” – US Services Economy Jumps To 13-Month Highs But New Orders Stall
by Tyler Durden
ZeroHedge.com
Dec 5, 2016
After spiking to 2016 highs in September/October, the US Services economy slipped lower in November according to Markit with signs of margin squeezes appearing as input cost inflation hits a 15-month high, but prices charged remained flat, and payrolls growth remains weak (well below average). However, ISM reported a big beat, with Services at the highest since Oct 2015 (despite a drop in new orders).
The Rest…HERE
