​”Firms Are Worried” – US Manfacturing Survey Signals 3rd Straight Month Of Contraction – Tyler Durden

“Firms Are Worried” – US Manfacturing Survey Signals 3rd Straight Month Of Contraction After yesterday’s mixed bag of ‘soft’ survey data from regional Feds (showing prices re-acclerating once again), we get the preliminary October prints form S&P Globals’ PMIs this morning with expectations mixed. Both the Manufacturing (47.8 vs 47.3 prior) and Services (55.3 vs 55.2 prior) survey data was better than expected (47.5 and 55.0 respectively) as hard data has improved consistently in the last month… Source: Bloomberg While the Manufacturing survey did improve, it remains in contraction territory for the third straight month.   Commenting on the data,…  — Continue at ZeroHedge News : Read More