​US Manufacturing ISM Signals Accelerating Stagflation As PMI Turns Downright Apocalyptic – Tyler Durden

US Manufacturing ISM Signals Accelerating Stagflation As PMI Turns Downright Apocalyptic Ahead of Friday’s payrolls report, there were rising expectations that the economic rebound observed in the past two weeks – and following the dismal July jobs report – would persists. Alas, those hopes were promptly crushed moments ago when shortly after a dismal US Manufacturing PMI report, which printed in its final iteration at 47.9, below the prelim print of 48.0 and below the 48.1 estimate, the more closely watched Manufacturing ISM report came in even uglier, printing at the 5th consecutive contractionary level of 47.2, which while a…  — Continue at ZeroHedge News : Read More