maandag 3 april 2017

'Soft' Data Slammed As Manufacturing PMI Plunges To 6-Month Lows: "Bodes Ill For Second Quarter"

Just as we warned was historical precedent, it appears the hope and hype in 'soft' survey data is catching back down to 'hard' data's reality...


Markit's US Manufacturing PMI printed a disappinting 53.3 for March (final), the lowest since September, as New Orders tumbled and input costs soared to 30 month highs. ISM Manufacturing drifted lower for the first time since August, printing an inline 57.2. But the pattern was the same with New Orders dropping as Prices Paid surges...


Unadjusted new orders hit their highest in over 4 years...

The chart below - ISM seems to track stocks, PMI seems more 'real'...