​’Soft Landing Scenario Less Convincing’: US Manufacturing PMI Plunges To 8-Mo Lows – Tyler Durden

‘Soft Landing Scenario Less Convincing’: US Manufacturing PMI Plunges To 8-Mo Lows S&P Global’s Flash PMI data for August signals the continued divergence between US manufacturing (slump) and Services (survive). Flash US Services Business Activity Index at 55.2 (July: 55.0) – 2-month high. Flash US Manufacturing Output Index at 47.8 (July: 50.5) – 14-month low. Flash US Manufacturing PMI at 48.0 (July: 49.6) – 8-month low. And all that as ‘hard’ macro data is collapsing… Source: Bloomberg Commenting on the data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The solid growth picture in August points to…  — Continue at ZeroHedge News : Read More