Tuesday, November 24, 2015
Monday, November 23, 2015
Economic Headlines Weak for Nov 23, 2015
Boy! It's a good thing stocks are up today! This economic news would have told us we are in a recession otherwise!
US Manufacturing PMI has re-collapsed to 25 month lows as manufacturing employment showed "one of the smallest monthly gains seen over the past five years."
Dominated by an 8.7% collapse in The West, existing home sales fell 3.4% in October MoM (worse than the 2.7% drop expected) to a 5.36mm SAAR.
Labels:
economic activity,
home sales,
PMI
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