"This morning’s ISM Services report missed estimates substantially. Headline came in at 52.8 vs expectations of 57. The underlying data was even worse. New orders tanked 11.4 points to 52.7. Unemployment fell to 51.9 from 53.7. Meanwhile, prices, though falling, remain at very high levels..."
at http://pragcap.com/ism-misses-by-a-mile-is-it-time-to-panic
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