Wednesday, March 5, 2014

ISM Services Collapse To Lowest In 4 Years; Employment Worst Since Lehman

by Tyler Durden

ISM Services headline index collapsed to 51.6 (missing expectations of 53.5) to its lowest since February of 2010. We are sure many will proclaim this as "weather-related" but remember the strong performance of the Manufacturing print. Respondents worried about weather, Obamacare, and oil prices... as the employment sub-index crashed from 56.4 (highest since Nov 2010) to 47.5 (lowest since Mar 2010) - the biggest drop since Lehman!

Big miss and lowest print in 4 years...

ISM Services Employment craters...

And before you blame the weather, the Manufacturing and Services data do not converge on that opinion...

See the original article >>

No comments:

Post a Comment

Follow Us