US Services Sector Slumps As New Orders Crash Most Since Lehman
by Tyler Durden
ZeroHedge.com
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
