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US PMI Drops, Misses By Most In 8 Months

Tyler Durden's picture




 

That February spike that was the catalyst for oh so much aggressive JPY selling and US equity buying and "see, we told you so, here comes the post-weather pent-up-demand exuberance" has been crushed by the sad and painful truth of reality. For the 2nd month in a row, Markit's US PMI dropped and missed expectations... despite weather being a thing of the past. Sadly the story gets worse, as Markit notes "on the inflation front, manufacturers experienced a
further solid increase in average cost burdens in April," adding that pricing pressures, "will feed fears that the
recovery remains on a weak foundation of intense price competition
." Need moar snow...

 

 

And the full breakdown...

 

Source: MarkitEconomics

 

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Wed, 04/23/2014 - 09:56 | 4686284 autofixer
autofixer's picture

Somebody be tell'n Yellen. 

Wed, 04/23/2014 - 09:56 | 4686286 Max Damage
Max Damage's picture

But they said we can cut jobs and wages and not affect demand..... Did they lie the little mischievous thieving scum?

Wed, 04/23/2014 - 09:58 | 4686289 GetZeeGold
GetZeeGold's picture

 

 

Lie seems like such a harsh word.

 

We could just go with kidding.

Wed, 04/23/2014 - 09:57 | 4686287 Kaiser Sousa
Kaiser Sousa's picture

bullish.

Wed, 04/23/2014 - 10:02 | 4686297 Max Damage
Max Damage's picture

US new homes sales even more bullish!!!!

Wed, 04/23/2014 - 10:05 | 4686302 NoDebt
NoDebt's picture

Still comfortably over 50.  Everything's cool.  Buy moar stawks.

Wed, 04/23/2014 - 10:07 | 4686308 slightlyskeptical
slightlyskeptical's picture

Unfortunately I agree. The numbers are actually bullish for the most part.

Wed, 04/23/2014 - 10:06 | 4686305 Flounder
Flounder's picture

Hopefully the Fed and the Obama administration will take note that the stock market averages are down at this time and they will convene an emergency session to announce additional stimulus measures that stabilize the markets.  Mr Chairwoman please do your job the SP500 is down about 5 right now.

Wed, 04/23/2014 - 10:06 | 4686307 becky quick and...
becky quick and her beautiful mouth's picture

vote for glorious chairwoman in next election, and PMI doing nothing but exploding up!

 

http://www.ready4hillary.com/

Wed, 04/23/2014 - 10:12 | 4686321 Flounder
Flounder's picture

You're going to get in trouble for that.

Wed, 04/23/2014 - 10:16 | 4686333 becky quick and...
becky quick and her beautiful mouth's picture

i know, i keep waiting for lawyers to find it.

Wed, 04/23/2014 - 10:08 | 4686311 Dr. Engali
Dr. Engali's picture

Pfft.... What are these economic reports you speak of?..... BTFD.

Wed, 04/23/2014 - 10:09 | 4686313 jmcadg
jmcadg's picture

What happened to those triple digit decline days on the Dow. They were fun.

Kids these days, they just haven't lived!

Wed, 04/23/2014 - 10:09 | 4686315 buzzsaw99
buzzsaw99's picture

fear not, there will be MOAR

Wed, 04/23/2014 - 10:14 | 4686327 LawsofPhysics
LawsofPhysics's picture

Does 'merica actually produce anything other than financial "products" of mass destruction?

Wed, 04/23/2014 - 10:16 | 4686339 Dr. Engali
Dr. Engali's picture

Like Rome on it's last days we produce a lot of excrement.

Wed, 04/23/2014 - 10:15 | 4686332 Itchy and Scratchy
Itchy and Scratchy's picture

On plus side ... big increase in number of fairness & equality consultants!

Wed, 04/23/2014 - 10:43 | 4686446 shermacman
shermacman's picture

Hey, it was the weather! There were days last month when the sun was out, and days when it rained. Some days it got into the 60s and some nights got down into the 30s. Who the hell can work under such conditions? Besides, it kept getting dark every night.

Wed, 04/23/2014 - 11:05 | 4686548 intric8
intric8's picture

Next theyll blame it on the earths rotation. "well, it gets dark for a considerable part of a 24 hr day" and also whine about "sleep" affecting sales

Wed, 04/23/2014 - 12:54 | 4686988 Lord Koos
Lord Koos's picture

Um, 8 months isn't much of a yardstick.

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