US Manufacturing PMI Hovers Near 19 Month Lows, Employment Tumbles Amid “Worrying Undercurrents”
by Tyler Durden
ZeroHedge.com
07/24/2015
Despite a very marginal improvement (from 53.6 to 53.8), Markit US Manufacturing PMI remains stubbornly stuck at 19-month lows, unable to bounce from the weathewr-strewn, port-strike-ridden weakness of Q1. As Markit notes, “a modest upturn in the headline manufacturing PMI belies some more worrying undercurrents which point to potential weakness in coming months,” and the slump in unemployment index suggests things are not well at all…
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