Markit PMI and ISM Diffusion Indexes Upbeat on Jobs
mishtalk.com / Mike “Mish” Shedlock / June 5, 2017
Diffusion indexes have not matched reality for so long I struggle to remember when they did match hard data.
The latest non-manufacturing ISM and Markit PMI readings, out today, provide another example.
ISM Non-Manufacturing Report-On Business
The payroll report for May was a near-disaster but one would never know it from the ISM report. Actually, one would never know anything from the IMS reports, they have been so overoptimistic for so long.
The post Markit PMI and ISM Diffusion Indexes Upbeat on Jobs appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/06/05/markit-pmi-and-ism-diffusion-indexes-upbeat-on-jobs/
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