Amid declining 'hard' economic data, 'soft' survey data on US manufacturing surged to a record high in January, according to Markit. But, according to ISM, Manufacturing in the US slowed in January too?
Markit Manufacturing 59.2, up from 59.1, and above 59.1 expectations to a record high.
ISM Manufacturing 58.7, down from 60.5, and below 60.0 expectations.
So take your pick!?
However, the surge in Markit's PMI was driven by intensifying cost pressures amid raw material shortages (with near-record supply chain disruption).