Stagflation Signals Flash Red As US Composite PMI Dips, Bucks Global Trend
by Tyler Durden
ZeroHedge.comThu, 07/05/2018
June’s final Composite PMI was higher than the flash print but slowed from May’s multi-year highs as business expectations slip to 3-month lows as input prices soar; but ISM’s Services survey printed better than expected at 59.1 (vs 58.3 exp and 58.6 prior).
Take your pick of hoiw the US economy is doing…
Both Markit’s Manufacturing & Services PMIs slipped in June.
Both ISM’s Manufacturing & Services surveys soared in June.
Rather confusingly, ISM managed to surge despite 7 of the 10 components declining??
The Rest…HERE
