Global PMI - 2024-08-04
Date:
Monday, August 5, 2024
Summary:
Sorry recession fans. You've got some ammo now, but the non-manufacturing ISM PMI at 51.4 doesn't help your case. And the S&P Global version at 55 is even more evidence that the vast services sector, explaining 85% of jobs, is doing just fine. In fact, services almost everywhere in the world look fine. It's good to be fine.