Two April Manuf. indices released this morning, PMI, and ISM
ZH commenting on the former
"Following April's flash PMI print plunge to cycle lows - blamed on the presidential election uncertainty - Markit's Final Manufacturing PMI printed 50.8 (as expected) its lowest since September 2009. New orders weakened further as the rate of job creation tumbles to thre-year lows. ISM Manufacturing fell back from its oddly decoupled bounce to July 2015 highs to a coincidental 50.8 (missing expectations of 51.4). As Markit concludes, apparently peddling fiction, "the April PMI data suggest there’s no end in sight to the current downturn in manufacturing activity...raising question marks over whether GDP growth will improve on the near-stalling seen in the first three months of the year."
Manufacturing PMI Headline output and employment data are ugly...
Following April's flash PMI print plunge to cycle lows - blamed on the presidential election uncertainty - Markit's Final Manufacturing PMI printed 50.8 (as expected) its lowest since September 2009. New orders weakened further as the rate of job creation tumbles to thre-year lows. ISM Manufacturing fell back from its oddly decoupled bounce to July 2015 highs to a coincidental 50.8 (missing expectations of 51.4). As Markit concludes, apparently peddling fiction, "the April PMI data suggest there’s no end in sight to the current downturn in manufacturing activity...raising question marks over whether GDP growth will improve on the near-stalling seen in the first three months of the year."
Manufacturing PMI Headline output and employment data are ugly... http://www.zerohedge.com/news/2016-...nturn-us-manufacturing-plunges-sept-2009-lows
