China tourists stay home, which reduced the China services deficit. This actually led to a decrease in U.S. services trade surplus. USA just lost a customer.
Posts tonen met het label services. Alle posts tonen
Posts tonen met het label services. Alle posts tonen
donderdag 7 oktober 2021
donderdag 3 december 2015
ISM Manufacturing PMI Vs. ISM Services PMI
It's not so clear why, but the ISM Manufacturing PMI leads the ISM Services PMI. This means that the ISM Manufacturing PMI is more important as a leading indicator.
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