Global Manufacturing PMIs Drop Back Into Contraction As US Prices Paid Jumps [zero hedge]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: zero hedge
Global Manufacturing PMIs Drop Back Into Contraction As US Prices Paid Jumps While 'Hard' data has stabilized after its big run up in the second half of 2024, US Manufacturing PMI surveys remain in contractionary territory with S&P Global's PMI limping lower to 49.4 and ISM's PMI rising up to 49.3 to end the year. The ISM print was better than expected (49.3 vs 48.2 exp vs 48.4 prior)... Source: Bloomberg Prices Paid and New Orders jumped into year-end but Employment tumbled... Source: Bloomberg Chris Williamson, Chief Business Economist at S&P Global Market Intelligence confirms that US factories reported a tough end to 2024, and have scaled back their optimism for growth in the year ahead. "Production was cut at an increased rate in December amid disappointing inflows of new orders. While November had seen a near-stabilization of order books as uncertainty surrounding the election passed, reviving customer demand, this respite has proved temporary. Factories are reporting an environ
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