US Services Economy Plummets In December

Zero Hedge | 1/7/2019 | Staff
Micaella (Posted by) Level 3
Click For Photo: https://www.zerohedge.com/sites/default/files/styles/max_650x650/public/2019-01/2019-01-07_7-01-52.jpg?itok=H66UDDho

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.

Decline - Crisis

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

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

Drop - Decline - Decade - Measure - Times

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
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!