US Services Economy Plummets In December

Zero Hedge | 1/7/2019 | Staff
Micaella (Posted by) Level 3
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After reporting that the Manufacturing sector of the US economy collapsed in December, ISM confirmed today that the Services side of the US economy also tumbled in December.

ISM Non-Manufacturing slipped to 57.6 from 60.7, missing expectations of 59.0 to its lowest since July.

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This is the 3rd largest monthly decline since the financial crisis.

As 'soft' survey data catches down to 'hard' reality.

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The drop was led by the biggest decline in more than a decade for a measure of supplier-delivery times, as well as a decrease in the gauge of business activity.

The inventories gauge fell...
(Excerpt) Read more at: Zero Hedge
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