Services Surveys Signal Stagflation As Recovery Bounce Peaked In Q2 But Prices Soared
Jul 6th 2021 10:04am EDT
Services Surveys Signal Stagflation As Recovery Bounce Peaked In Q2 But Prices Soared After a mixed picture in Manufacturing surveys in June (PMI marginally higher, ISM marginally lower), and serially down-trending ‘hard’ data, this morning’s Services surveys show a serious and coordinated disappointment as ISM Servceis tumbled from 64.0 to 60.1 and Markit’s PMI dropped […]
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