Un-Decoupling? US Manufacturing PMI Tumbles To 11-Month Lows

So much for that whole "decoupling" meme... Just as China and then Europe saw weakness in their manufacturing PMIs, so the US data just hit, printing 53.9 (missing expectations modestly) and falling for 4 straight months to the lowest since January 2014's Polar Vortex. Production volumes are also the weakest since Jan 2014 and the employment sub-index collapsed. Markit warns, "this suggests a slowdown could become more entrenched."

As Markit discusses,

"The big question of course is whether the pace of expansion will continue to weaken as we move into 2015. Companies are citing greater uncertainty about the outlook, especially in export markets, leading to some scaling back of expansion plans and a greater reluctance for customers to place orders compared to earlier in the year, which suggests a slowdown could become more entrenched unless demand revives."

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So much for that decoupling thingy...

Comments

[Idaho potato head]

Like a snowball headed for hell

[Bossman1967]

all is fine not a thing to see here. markets to the moon metals to the ditch

[yogibear]

It translates to an ever higher stock market.

Manufacturing is the old game.

Money-changing is the new game.

[Spungo]

The previous years show September to December being a period of growing PMI. This year shows shrinking PMI between those months. 

[sheikurbootie]

Double plus good!  I heard the chocolate rations have been increased too!

Not to worry, the Office of Fucking Bullshit (OFB) will come up with some new dynamic chart to convince the lemmings the economy is getting better.  

[Caviar Emptor]

Biflationary March to oblivion!