Stagflation Signals Flash Red As US Composite PMI Dips, Bucks Global Trend

June’s final Composite PMI was higher than the flash print but slowed from May’s multi-year highs as business expectations slip to 3-month lows as input prices soar; but ISM’s Services survey printed better than expected at 59.1 (vs 58.3 exp and 58.6 prior).

Take your pick of hoiw the US economy is doing…

Both Markit’s Manufacturing & Services PMIs slipped in June.

Both ISM’s Manufacturing & Services surveys soared in June.