US PMIs Scream Stagflation As Manufacturing 'Contracts', Prices Rise, Heaviest Job Cuts Since GFC [zero hedge]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: zero hedge
US PMIs Scream Stagflation As Manufacturing 'Contracts', Prices Rise, Heaviest Job Cuts Since GFC After a mixed bag from preliminary April European PMIs (Services strong-er, Manufacturing weaker-er, surging prices)... “ Accelerated increases in input costs, likely driven not only by higher oil prices but also, more concerningly, by higher wages, are a cause for scrutiny Concurrently service-sector companies have raised their prices at a faster rate than in March, fueling expectations that services inflation will persist. ” and after March US PMIs exposed the end of the disinflation narrative ... "Most notable was an especially steep rise in prices charged for consumer goods, which rose at a pace not seen for 16 months, underscoring the likely bumpy path in bringing inflation down to the Fed's 2% target. ” ...S&P Global's preliminary US f°r April just dropped and they were ugly with both Manufacturing and Services disappointingly dropping further as the former dropped back into contrac
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SPGI
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- 4/26/24 - Miss
SPGI
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- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website