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http://www.brotherjohnf.com/somewhat-underwhelming-us-manufacturing-slumps-8-month-lows-services-rebound-amid-soaring-costs/ – “Somewhat Underwhelming” US Manufacturing Slumps To 8-Month Lows As Services Rebound Amid Soaring Costs. —
zerohedge.com / by Tyler Durden / May 23, 2017 9:53 AM
Weak Chinese PMIs and ‘steady’ European PMIs were trump by German IFO exuberance overnight ahead of US PMIs. Having tumbled to their lowest level since September, May preliminary US PMIs were mixed with Manufacturing slumping to 8-month lows and Services rebounding to 4-month highs.
The overall compoosite PMI rose modestly but the divergence betwen manufacturing and services is widening once again (and remember that has never ended well for services)
Measured overall, average cost burdens increased at a robust pace during May. This was driven by the steepest rise in service sector input prices since June 2015.
The post “Somewhat Underwhelming” US Manufacturing Slumps To 8-Month Lows As Services Rebound Amid Soaring Costs appeared first on Silver For The People.
–(Published @ May 23, 2017 at 07:30PM by www.bitcoins.am™ Instant Real-time Bitcoin News Aggregation Source- From: ) #bitcoinnews
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