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Mixed December PMI Reports Hint at Further Uncertainty
2020-12-16 15:09:00
Izaac Brook,
Mixed December PMI Reports Hint at Further Uncertainty
Manufacturing Beats and Services Miss Forecast
Uncertainty and slowdowns in the path of economic recovery are high
Mixed economic data may weigh on FOMC decision
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December PMI Mixed; Manufacturing Up and Services Down
Services PMI prints at 55.3 versus the forecast of 55.9, Manufacturing PMI prints at 56.5 versus the forecast 55.7, and Composite PMI prints at 55.7.The Services PMI’s miss is especially concerning, as service activity accounts for around 75% of US GDP.
US PMI REPORT (IHS MARKIT) - December 2020
The mixed US PMI data comes at the heels of surprisingly strong European numbers. Europe’s PMI prints for December saw beats across the board, with manufacturing printing at 55.5 (forecast = 53), services at 47.3 ( ....

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