• HUMAN REPORTERS · NOT MACHINES

    CORONAVIRUS UPDATE: Services Beat Small, Manufacturing Misses Small, Market Focuses On Coronavirus In USA

    By CDM Staff
    January 24, 2020
    4 Comments
    Services Beat Small, Manufacturing Misses Small
    Image by Walker Kinsler

    UPDATE: News reports say third case of coronavirus to be confirmed in the US says a US Senator.

    US economic data came in mixed today with the service sector continuing strong surprises to the upside, and manufacturing, although still growing, reported slightly less than estimates predicted.

    Financial Markets swooned to the downside today as the 2nd case of coronavirus was confirmed in the United States.

    Markit Manufacturing PMI (Jan) PREL printed at 51.7 vs consensus estimates of 52.5.

    Markit Services PMI (Jan) PREL printed at 53.2 vs estimates of 52.9.

    Markit PMI Composite (Jan) PREL printed at 53.1 vs estimate of 52.5.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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