June ISM non-manufacturing index recorded a further decline and while the Final Markit Services PMI was revised up a little, the overall story remains brittle. The ISM non-manufacturing report showed declines in the rate of activity, output and new orders with only export orders showing stability.
Tags: ISM
The US April manufacturing PMIs are all now in following today’s ISM release and the picture looks pretty bleak with a big slide from what had looked to be a healthier March release. There was a notable deteriorating in the orders side with export orders sub 50.0 for the first time since the 2015/16 China slowdown.
