Breaking down Manuf & Services ISM

by Ashraf Laidi

Sep 6, 2016 16:38

Six days after the manufacturing ISM index dived back into contraction territory along with its employment and new orders components, today's release of the services version does its part of deterioration, hitting 5 1/2 year lows at 51.4 from 55.5. All 4 major components declined, led by a plunge in new orders to 51.4 from 60.3.  Probabilities of a Sept Fed hike dropped to 24% from 34% prior to the data.  The charts below tell the full story of the services and manufacturing ISMs.

Click To Enlarge

Click To Enlarge

More Hot-Charts

• 

  Bitcoin versus Miners Performance

  Apr 9, 2024 16:02 | by Ashraf Laidi
  As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
• 

  Gold, Bitcoin, USD Combo

  Jun 22, 2023 16:46 | by Ashraf Laidi
  I mentioned last week  on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
• 

  تفسير مراحل الذهب

  Mar 17, 2023 21:28 | by Ashraf Laidi
  .