US Manufacturing Survey Slumps To 7-Month-Low, Services Jump In October

zerohedge2021-10-22

Following September's slide (in both Services and Manufacturing), analysts expected preliminary October data to be more mixed with a slight gain for Services and very slight weakening for ...

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Bull1973
2021-10-24
Bull1973
Ok
SPOT_ON
2021-10-23
SPOT_ON
Like n follow
- SPOT_ON:
  👍 👍 👍 👍
- Bull1973:
  Ok
Weeckee
2021-10-23
Weeckee
Oh no. Will affection the World or not
Chal
2021-10-23
Chal
ok
BBBBBBBBBB
2021-10-22
BBBBBBBBBB
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- Chal:
  ok
NPC69
2021-10-22
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Subsequently, the rate of selling price inflation for goods and services also hit a new series peak.\nThe big gain in Services pushed the US Composite up to 57.3 (from 55.0) and back in the lead on a global basis...\nSource: Bloomberg\nCommenting on the PMI data,Chris Williamson, Chief Business Economist at IHS Markit, said:\n\n “ \n October saw resurgent service sector activity as COVID-19 case numbers continued to fall, marking a encouragingly strong start to the fourth quarter for the economy.Hiring has likewise picked up as firms have been encouraged to expand capacity to meet rising demand.\n\n“However, while manufacturers also continue to report strong demand,factory production remains plagued by constraints, including record supply chain bottlenecks and labor shortages.Prices paid by factories for raw materials rose at yet another new record pace as a result, in turn feeding through to both higher prices at the factory gate and spilling over into higher service sector prices. Higher wages are also having to be offered to attract or retain staff, adding to the inflationary pressures.\n\n “Thus, while the economy looks set for stronger growth in the fourth quarter, \n the upward rise in inflationary pressures also shows no signs of abating.”\n\nSo not transitory then?","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":858646276,"gmtCreate":1635048979509,"gmtModify":1635049059828,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858646276","repostId":1127948887,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":851762445,"gmtCreate":1634946584589,"gmtModify":1634946593142,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like n follow&nbsp;","listText":"Like n follow&nbsp;","text":"Like n follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/851762445","repostId":1127948887,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6306742,"gmtCreate":1635052363681,"gmtModify":1635052363720,"authorId":3582922989777578,"author":{"id":3582922989777578,"authorId":3582922989777578,"name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":851762445,"type":1,"supId":6306336,"prevId":0,"content":"👍 👍 👍 👍","text":"👍 👍 👍 👍","html":"👍 👍 👍 👍"},{"id":6306336,"gmtCreate":1635048971896,"gmtModify":1635048972024,"authorId":3584680402793671,"author":{"id":3584680402793671,"authorId":3584680402793671,"name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":851762445,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":851700059,"gmtCreate":1634939693386,"gmtModify":1634939693863,"author":{"id":"3582072953259355","authorId":"3582072953259355","name":"Weeckee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Oh no. Will affection the&nbsp;World or not","listText":"Oh no. Will affection the&nbsp;World or not","text":"Oh no. 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