US Services Sector Slumps As New Orders Crash Most Since Lehman

Friday, January 5, 2018
By Paul Martin

by Tyler Durden
Fri, 01/05/2018

Confirming the mixed picture from Markit (Manufacturing PMI up, Services PMI down), ISM Services printed a disappointing 55.9 (57.6 exp), dropping to a 4-month low (as ISM manufacturing rises).

Perhaps most notably, New Orders have utterly collapsed in the last 2 months post-Hurricanes…

Additionally, Business Activity fell, as did backlogs…but there is quite a difference between manufacturing and services surveys…

The Rest…HERE

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