​US Manufacturing Surveys Signal Stagnation, Employment Weak – Tyler Durden

US Manufacturing Surveys Signal Stagnation, Employment Weak According to S&P Global’s PMI survey, the US manufacturing sector moved deeper into contraction territory at the end of the third quarter of the year (dropping from 48.0 to 47.0 – the third straight monthly contraction in the soft data survey. ISM’s version of the Manufacturing PMI survey also showed contraction (47.2 – worse than expected) for the sixth straight month… Source: Bloomberg New Orders remain in contraction for the sixth straight month, Employment tumbled back near post-COVID-lockdown lows, but Prices Paid softened significantly… Source: Bloomberg Chris Williamson, Chief Business Economist at S&P…  — Continue at ZeroHedge News : Read More