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Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But...
Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But...
While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing.
It is not as both Manufacturing and Services PMIs dropped notably.,
Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low.
Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.
Source: Bloomberg
Overall that dragged the US Composite PMI down...
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