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MAGA Economy Hanging In There, But Hardly Blowing The Doors Off, November PMIs Show
There was more evidence Friday to support the contention that the US economy remains resilient, even as activity slows amid a waning fiscal impulse and persistent trade frictions.
Flash reads on IHS Markit's PMIs were all better than expected for November, with the manufacturing gauge printing 52.2, a 7-month high. Consensus was looking for 51.4.
Services beat estimates too, coming in at 51.6 against an expected 51. That's a 4-month high.
At 51.9, the composite index signaled the fastest ex
I can never understand why these figures are treated as hard data. They are surveys. Not much better than consumer confidence numbers.