Non-Manufacturing ISM vs. Markit Services PMI (Another Tale of Diverging Opinions)

by Mike ‘Mish’ Shedlock
Mish Talk

The Non-Manufacturing ISM dipped slightly from 56.5 to 55.5 but Bloomberg Econoday case spins the setup as positive, as is typically the case.

Markit chief economist Chris Williamson has a differing opinion following today’s release of Markit Services PMI.

Since the two surveys both cover the service economy, only one can be correct. First, let’s look at the Non-Manufacturing ISM Report, then compare opinions.

Non-Manufacturing ISM Data Components

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