[cityhantam]

https://breakingthenews.net/Article/ISM:...y/62479817

US manufacturing PMI worsens in July

Manufacturing activity in the United States fell in July, according to the business report released by the Institute for Supply Management (ISM) on Thursday.

The Manufacturing PMI registered 46.8%, down from 48.5% in June, indicating contraction for the 20th time in the last 21 months.

[webinarian]

   
46.8% is too low. It means recession is coming.   


.

[webinarian]

Can see.   

Intel is collapsing and cut jobs.     

Sign of recession.   

.

[Omnipresent88]

Can see.   

Intel is collapsing and cut jobs.     

Sign of recession.   

.

Works of dictator Biden hor don't know what to say hor scantions here's scantions there those idiot allies tan sie slowly slowly hor

https://media.tenor.com/cp2SZRRIFtMAAAAM...ohnson.gif

[winbig]

https://breakingthenews.net/Article/ISM:...y/62479817

US manufacturing PMI worsens in July

Manufacturing activity in the United States fell in July, according to the business report released by the Institute for Supply Management (ISM) on Thursday.

The Manufacturing PMI registered 46.8%, down from 48.5% in June, indicating contraction for the 20th time in the last 21 months.

US economy don't depend much on manufacturing.

[cityhantam]

US economy don't depend much on manufacturing.

US manufacturing is a highly diversified sector that contributed $2.9tr to GDP in 2023, equivalent to just over 10% of all economic output. It also employed 13 million people, accounting for 8.3% of all US jobs.

[revealer]

China manufacturing PMI is at 6 months low,  deteriorating from 49.4 in July to 49.1 in August. It is only slightly better than the US. 

https://www.reuters.com/markets/asia/chi...024-08-31/

For US,  the manufacture contributes only 10% to GDP whereas its Service sector contributes about 77%. The August service PMI rose from 55 in July to  55.2 in August.  Net net,  there should b sn increase in GDP figure. They have just revised US GDP to 3% from 2.8% for 2Q. Hope they can maintain the same in Q3

https://www.fxstreet.com/amp/news/us-gdp...2408291236

[teaserteam]

Let's consider that a PMI of 50% has zero contribution to the GDP whereas a PMI above 50% increases and a PMI below 50% decreases the GDP by the same proportion. We should get the following table that can predict the % increase in annual GDP if such a result is maintained over the 12 months..

[cityhantam]

Let's consider that a PMI of 50% has zero contribution to the GDP whereas a PMI above 50% increases and a PMI below 50% decreases the GDP by the same proportion. We should get the following table that can predict the % increase in annual GDP if such a result is maintained over the 12 months..

Can predict GDP ah?

Your AI is so solid ah? 

But, you included "if" lor! 

[teaserteam]

Can predict GDP ah?

Your AI is so solid ah? 

But, you included "if" lor! 

You doesn't know how to calculate? Formula is given.

[cityhantam]

You doesn't know how to calculate?  Formula is given.

"If" ........