US Services PMI Plunges To 14-Month Low As Input Prices Soar

zerohedge2021-09-23

After August's surprising tumble in Markit's PMIs (Services much more so than Manufacturing), analysts expected that trend to continue in preliminary September data (albeit at a far more gradual rates...

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Comments

Sriwonc
2021-09-24
Sriwonc
Like pls
claratan
2021-09-24
claratan
Wow ? ? ?
CTG1956
2021-09-23
CTG1956
Ok
joshua0111
2021-09-23
joshua0111
Nice
ahleemama
2021-09-23
ahleemama
AWESOMR STAGFLATION
- vic78:
  ?
- AliPharma:
  gud
- joshua0111:
  nice
JiaocyTi
2021-09-23
JiaocyTi
Good
- JiaocyTi:
  share

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However, while manufacturers have seen far more resilient demand, factories face growing problems in sourcing enough supplies and labour to meet orders. Supply chain delays show no signs of easing, with another near-record lengthening of delivery times in September. Hence factory output growth also weakened and order book backlogs rose at a record pace in September.\n\n\n “The upshot is yet another month of sharply rising prices charged for goods and services as demand outpaces supply, and higher costs are passed on to customers.”\n\nSo economic growth is cooling but prices are still soaring...\nCough \"stagflation\" cough.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":861000292,"gmtCreate":1632440236816,"gmtModify":1676530781907,"author":{"id":"3586424409701165","authorId":"3586424409701165","name":"Sriwonc","avatar":"https://static.tigerbbs.com/264a5cfcdc2db585d9b139a4c4d7b11d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/861000292","repostId":1105775848,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":863796558,"gmtCreate":1632433833674,"gmtModify":1676530779526,"author":{"id":"3573731928321338","authorId":"3573731928321338","name":"claratan","avatar":"https://static.tigerbbs.com/9c6bbdac9048ff2e4b740f272576e2be","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Wow ? ? ?&nbsp;","listText":"Wow ? ? ?&nbsp;","text":"Wow ? ? 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STAGFLATION","listText":"AWESOMR STAGFLATION","text":"AWESOMR 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