Final January 2016 US Markit services PMI
- Flash 53.7 . Dec 54.3
- Employment 54.3 vs 54.3 flash. Dec 53.1
- Composite 53.2 vs 53.7 flash, Dec 54.0
That takes services to the lowest since Oct 2013
That's manufacturing going south, services going south. If the ISM non-manufacturing goes south there's not a lot left in the GDP pie that's pointing north. Heaven help us if jobs start turning south too.
Three guesses which way the buck is heading right now? ;-)
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