Inflation “Warning Lights” Are Flashing As Manufacturing Prices Soar Most Since 2011
by Tyler Durden
ZeroHedge.com
Tue, 05/01/2018
Despite a tumble in ‘hard’ and ‘soft’ data in April, Markit reports the Manufacturing PMI survey surged to 56.5 (as expected) – its highest since Sept 2014. Output is rising at its fastest pace since Jan 2017 as inflationary pressures intensify dramatically.
As is usual recently in our baffle ’em with bullshit world, ISM Manufacturing disappointed, dropping to 57.3 (exp 58.5) to its lowest since July 2017.
Looks like ISM is fitting real data better than PMI…
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