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2021-10-22
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US Manufacturing Survey Slumps To 7-Month-Low, Services Jump In October
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Subsequently, the rate of selling price inflation for goods and services also hit a new series peak.</p>\n<p>The big gain in Services pushed the US Composite up to 57.3 (from 55.0) and back in the lead on a global basis...</p>\n<p><img src=\"https://static.tigerbbs.com/fc861b2a2fa3f22931acaac889e68f8a\" tg-width=\"994\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><i>Source: Bloomberg</i></p>\n<p>Commenting on the PMI data,Chris Williamson, Chief Business Economist at IHS Markit, said:</p>\n<blockquote>\n “ \n <b>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.</b>Hiring has likewise picked up as firms have been encouraged to expand capacity to meet rising demand.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/704193861138e841e6b428314302c463\" tg-width=\"591\" tg-height=\"455\" referrerpolicy=\"no-referrer\">“However, while manufacturers also continue to report strong demand,<b>factory production remains plagued by constraints, including record supply chain bottlenecks and labor shortages.</b>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.</p>\n<blockquote>\n “Thus, while the economy looks set for stronger growth in the fourth quarter, \n <b>the upward rise in inflationary pressures also shows no signs of abating.</b>”\n</blockquote>\n<p>So not transitory then?</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Manufacturing Survey Slumps To 7-Month-Low, Services Jump In October</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Manufacturing Survey Slumps To 7-Month-Low, Services Jump In October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-22 21:57 GMT+8 <a href=https://www.zerohedge.com/economics/us-manufacturing-survey-slumps-7-month-low-services-jump-october?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/us-manufacturing-survey-slumps-7-month-low-services-jump-october?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/economics/us-manufacturing-survey-slumps-7-month-low-services-jump-october?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127948887","content_text":"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 Manufacturing (which may be simply mimicking the rebound in ISM's survey in September).\nDespite the overall trend lower in US macro data, the PMI prints were indeed very mixed with Services surging from 54.9 to 58.2 (well above the 55.2 expected) while Manufacturing stumbled to 59.2 from 60.7 (worse than the 60.5 expected)...\nSource: Bloomberg\nThat is the weakest Manufacturing print since March and strongest Services in 3 months.\nUnder the hood, thelatest rise in factory production was the softest since July 2020.\nOctober data also highlighted stronger inflationary pressures across the US economy.Average input prices rose at a survey record pace,with firms attributing higher costs to supply issues, material shortages, greater transport fees and increased wage bills. 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?","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/851247063"}
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