US Services Sector Dips On Weak Employment (Or Surges Back Near Record Highs)

Zero Hedge | 12/6/2018 | Staff
ashb0101 (Posted by) Level 3
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Additionally, from Markit, is the fact that November saw the weakest rise in composite new orders in 13 months.

And then there is ISM's data - which for Manufacturing was 180 degrees from Markit's.

ISM - Manufacturing - November - ISM - Services

ISM Manufacturing upticked in November, and so did ISM Services!

WTF!!

Index - Institute - Supply - Management - Survey

The non-manufacturing index rose to 60.7, an Institute for Supply Management survey showed Thursday. That compared with estimates for a decline to 59. The advance was led by business activity and new orders, while a gauge of inventories rose for a third month.

So ISM sees new orders rising but Markit sees it plunge?

ISM - Report - Trade - Tensions - Growth

However, ISM's report also indicated that continuing trade tensions and easing global growth are affecting service providers, a trend weighing on investors' perceptions of the economic outlook. Export orders decelerated by the most since May while a measure of imports rose the most since March.

Commenting on the PMI data, Chris Williamson, Chief Business Economist at IHS Markit said:

"... and continuing to add...
(Excerpt) Read more at: Zero Hedge
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