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Wednesday, February 24, 2016

February 2016 US Markit services PMI flash 49.8 vs 53.5 exp

  • Prior 53.2
  • Employment 54.2 vs 54.3 prior
  • New orders down
  • Composite 50.1 vs 53.2 prior
  • Employment 53.7 vs 54.0 prior
  • New orders at lowest since Jan last year
Contraction, ouch. First time since Oct 2013 Not a good report. That's manufacturing and now services sown in the dump.
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