Loading ...ISM Manufacturing Slumps To 3-Month Lows Led By Plunge In Employment
Tyler Durden’s pictureSubmitted by Tyler Durden on 08/03/2015 09:28 -0400
It appears ISM Manufacturing data has been ‘leaked’ early and is reportedly printing 52.7 in July, down from 53.5 prior and missing expectations. This is the weakest print since March as the Q2 bounce is now officially dead. Both imports (lowest since Jan 2013) and new export orders (lowest in 3 years) declined as employment tumbled. In fact every subcomponent fell aside from new orders, production, and supplier deliveries with order backlogs at their lowest since Nov 2012.
more http://www.zerohedge.com/news/2015-08-03/ism-manufacturing-slumps-3-month-lows-led-plunge-employment