Wednesday, August 24, 2022

UGLY Flash PMI

The 'actual' PMI numbers will be released 9/2 or so.

Meantime, a "flash" PMI was run.  Don't look unless you're sitting down.

Flash US PMI Composite Output Index(1) at 45.0
(July: 47.7). 27-month low.


Flash US Services Business Activity Index(2) at 44.1
(July: 47.3). 27-month low.


Flash US Manufacturing Output Index(4) at 49.3
(July: 49.5). 26-month low.


Flash US Manufacturing PMI(3) at 51.3 (July: 52.2).
25-month low

The only good news is that the Manufacturing PMI is above 50.0.  Wonder how long it can hold out?

No comments:

Post a Comment