Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV, GETTR, Truth Social  

After both ISM and S&P Global Manufacturing Surveys showed continued weakness in July, analysts expected both Services Surveys to show further deterioration also - they were right and wrong.

• S&P Global US Services PMI fell from 52.7 to 47.3 in July (slightly above the flash print of 47.0). The contractionary signal is the lowest since June 2020.
• ISM Services rose from 55.3 to 56.7 in July (well above the 53.5 expected)

While S&P Global sees new orders, activity, and employment all falling, ISM somehow sees them all rebounding in July...

To read more visit Zero Hedge.

‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!‘

• CDM Founder L Todd Wood Appears On Tucker Carlson Tonight To Discuss Arms Trafficking In Ukraine
• Remove Mayor Adams For Breaking The Law