Same pattern:
Also same pattern of covid dip, recovery, then weakness most recently:
The ISM Manufacturing PMI fell to 59.5 in July of 2021, the weakest in 6 months, compared to 60.6 in June and below forecasts of 60.9. New orders, production, and supplier deliveries increased less and inventories contracted. Meanwhile, employment rebounded and price pressures eased.
Looks like price hike mode?
The post Pending home sales, Construction spending, ISM manufacturing, Saudi OSP appeared first on Mosler Economics / Modern Monetary Theory.
