​”Near Stalling Of Production” – US Manufacturing Surveys Collapsed In July – Tyler Durden

“Near Stalling Of Production” – US Manufacturing Surveys Collapsed In July The start of the third quarter saw a deterioration in business conditions at US manufacturers as new orders declined for the first time in three months, according to S&P Global. This makes sense as we have seen ‘hard’ US macro data serially disappoint for three months. S&P Global US Manufacturing PMI falls to 49.6 in July, dropping into contraction for the first time since Dec 2023. ISM Manufacturing PMI plunged to 46.8 (48.8 exp) – weakest since Nov 2023 (near post-COVID lockdown lows) Source: Bloomberg Rubbing some salt in…  — Continue at ZeroHedge News : Read More