US Manufacturing PMI Slumps To Weakest In 2018 As Prices Surge, Orders Tumble
by Tyler Durden
ZeroHedge.com
Wed, 08/01/2018
After China’s Manufacturing PMI tumbled to 8mo lows overnight (joining Japan in its demise to 13mo lows), US Manufacturing PMI for July has not been weaker since Dec 2017.
Markit’s Manufacturing PMI signals stagflation with output prices at their highest since June 2011, production slide, and supplier delivery times fall to a record low.
And after decoupling from reality in the last two months, ISM Manufacturing tumbled back to ‘hard data’ at 58.1 (dramatically below expectations)…
ISM’s survey suggests prices paid and new orders dropped in July…
The Rest…HERE
