‘Beneficial Switching Away From Imports’ – US Manufacturing Surveys Signal No Recession In Q2 Following a slew of regional Fed surveys (and various other sentiment readings) sending ‘soft’ data dramatically lower (as ‘hard’ data continues to strengthen), this morning’s Manufacturing PMIs are expected to signal further weakness. Source: Bloomberg The final S&P Global Manufacturing PMI did indeed disappoint, sliding from 50.7 flash print to 50.2 – exactly in line with March’s final print (but below the 50.5 expected). ISM’s Manufacturing PMI beat expectations, printing 48.7 (down from the 49.0 in March but better than the 47.9 expectations) – lowest since… — Continue at ZeroHedge News : Read More
