IHS Markit Hands ‘The Chosen One’ First US Factory Contraction Since 2009

If Donald Trump's aides and advisors are looking for signs that the US economy is about to roll over ahead of an election year, they can take a gander at the flash read on IHS Markit's factory gauge. Unfortunately, it sank into contraction territory for the first time in nearly a decade, printing 49.9, down from 50.4 in July and 54.7 a year ago. It was the lowest read since September 2009. That, to quote the president, is "not good, not good". "The decline in the headline PMI mainly reflec

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One thought on “IHS Markit Hands ‘The Chosen One’ First US Factory Contraction Since 2009”

But the Kansas City Fed was only down -6 so there is that

‘“Regional factory activity had its largest monthly drop in over three years, and over 55 percent
of firms expect negative impacts from the latest round of U.S. tariffs on Chinese goods,” said
Wilkerson. “However, even though many firms expect trade tensions to persist, expectations for
future shipments and exports expanded slightly.”