"Increasing Sense Of Doom" - Manufacturing Surveys Scream Stagflation In July
With broader macro data serially disappointing in recent weeks, expectations were for the final ISM Manufacturing print for July to decline from June's - and it did (from 49.0 to 47.9) but we note that the final print was higher than the preliminary print of 47.0. ISM Manufacturing also rose on the month from 46.4 to 47.6 (better than the 47.0 exp) but still below 50...
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