Services PMI shockingly weak

Despite the reopening, services activity is still falling. This is a grim sign from AIG:

Check this out:

I find this report hard to believe. The reopening should have lifted activity in services more than this. Given there are a few N/As one wonders if AIG is adjusting it correctly.

If not, we’re fooked. Full report.

David Llewellyn-Smith
Latest posts by David Llewellyn-Smith (see all)

Comments are hidden for Membership Subscribers only.