Explains the panic buying today…

US PMIs Plunge In August, Composite Weakest Since 2020

Echoing the collapse in consumer sentiment, preliminary August data from Markit’s business survey suggest peak optimism is long gone. Both US Services and Manufacturing PMI tumbled in August, beginning to catch down to ‘hard’ data’s reality.

We are primarily funded by readers. Please subscribe and donate to support us!


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.