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Economy Returns To Services Expansion As Spring Arrives, Inflation Continues To Soar

By CDM Staff

March 3, 2023

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The American economy returned to expansion in the services sector today, possibly as a response to winter ending and service jobs coming on strong. Americans do love to travel.

Inflation however, is still roaring, making that travel luxury oh so expensive.

However, with the Biden administration being completely controlled by communist China, can you even believe the numbers?

S&P Global Composite PMI(Feb) printed at 50.1 vs 50.2 estimate.

S&P Global Services PMI(Feb) printed at 50.6 vs 50.5.

ISM Services Employment Index(Feb) printed at 54 vs 49.8.

ISM Services New Orders Index(Feb) printed at 62.6 vs 58.5.

ISM Services PMI(Feb) printed at 55.1 vs 54.5.

ISM Services Prices Paid(Feb) printed at 65.6 vs 64.5.

Baker Hughes US Oil Rig Count printed at 592.

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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."