US Manufacturing’s Hurricane-Rebound Is Over: New Orders Sink, Costs Soar

The brief rebound in US manufacturing after the hurricanes appears to have ended as Markit’s PMI dropped from 54.6 to 53.9 as new orders slowed amid soaring inflation. For once ISM Manufacturing also agreed with PMI – dropping to its lowest since July – with employment and export orders sinking.

While new orders slowed, the most notable item in the PMI data was that inflation is surging…

This post was published at Zero Hedge on Dec 1, 2017.