BREAKING: US ISM Services PMI index tumbled to 52.1 in November, well BELOW expected 55.7.
At the same time, ISM prices paid jumped to 58.2, above expected 57.0.
New orders and employment fell to 53.7 and 51.5 below expected 56.6 and 53.0
Are stagflation fears coming back?
BREAKING: US ISM Services PMI index tumbled to 52.1 in November, well BELOW expected 55.7.
At the same time, ISM prices paid jumped to 58.2, above expected 57.0.
New orders and employment fell to 53.7 and 51.5 below expected 56.6 and 53.0
Are stagflation fears coming back? pic.twitter.com/rvKRvxrU8F
— Global Markets Investor (@GlobalMktObserv) December 4, 2024
⚠️THIS IS ONE OF THE LONGEST US MANUFACTURING DOWNTURNS IN HISTORY⚠️
US ISM manufacturing PMI has contracted in 24 out of 25 months, the longest streak since the 1990s recession.
Expect more weakness ahead as backlogs fell to a 4-month low in November and shrunk for 25 months. pic.twitter.com/DFTIHOVXLY
— Global Markets Investor (@GlobalMktObserv) December 4, 2024