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But..They Said The Services Economy Was Fine

TradeSnoop  ( Original )
SEP 7, 2016

The Tech's at TradeSnoop make the case that Maybe manufacturing has been giving clues to the rest of the economy.

The consensus has told us for some time that we are now a services economy and that the recession in manufacturing didn't matter. Their argument took a big hit yesterday when the ISM Services number came in well below estimates. The employment index component of the report was especially weak.