Loading ...US Manufacturing PMI Misses By Most On Record As New Orders Tumble
Submitted by Tyler Durden on 04/23/2015 09:52 -0400
On the heels of weak PMIs from Europe and Asia, Markit’s US Manufacturing PMI plunged to 54.2 in April (from 55.7). Against expectations of a rise to 55.6, this is the biggest miss on record. Of course, this is ‘post-weather’ so talking-heads will need to find another excuse as New Orders declined for the first time since Nov 2014.
New Home Sales Tumble By Most In Almost 2 Years As Northeast Crashes
Submitted by Tyler Durden on 04/23/2015 – 10:07 
After existing home sales sent stocks vertical on great news, so new home sales plunge has sent stocks vertical on bad news. An 11.1% drop MoM – the biggest since July 2013 – dragged new home sales back below 500k to 481k SAAR – the biggest miss in a year. Sales of new homes collapse 33.3% in The Northeast and The South saw new home sales crash 15.8%.