Image Source: PixabayNew orders up, backlogs down, employment down, inflation up. Index at 50, kiss your mother. As with the regional surveys, the takeaway here as the Chief Economist of S&P Global says, “conditions stabilize.” There is not a good gauge on direction here.S&P Global PMI
ISM Manufacturing came in at 46.7, again below 48.7 the baseline for contraction/expansion.More By This Author:Macro: GDPNow — A Market Mover Macro: Construction Spending — It’s All About Infrastructure And Reshoring Macro: Chicago Business Barometer
