U.S. Flash PMI Signals Fastest Growth For Over 5 Years In September

U.S. Flash PMI Signals Fastest Growth For Over 5 Years In September

Flash PMI data from S&P Global shows US business continues to boom, with output growing at the fastest rate for over five years in September.

S&P Flash Survey posts its best growth in 62 months

The S&P Flash Survey hit a 62-month growth high, yet Bitcoin slipped to $83,436. We read the divergence as smart money distributing into retail greed.

S&P Global US Flash PMI

When is good news bad news? So: (Keeping in mind surging bond yields) “Business growth surges to fastest for over five years and job gains accelerate, but price pressures also intensify amid spike in costs.” For more, click here.

Spot gold drops to $4,280/oz as flash S&P composite PMI improves to 58.4 in September

(Kitco News) - The gold market is selling off after the latest U.S. data showed the services sector improving beyond expectations this month, while the manufacturing sector also strengthened.S&P Global reported on Wednesday that its flash Composite Purchasing Managers Index (PMI) rose to 58.4 in September, up from August’s reading of 56. The number was above expectations, as economists had forecasted a reading of 55.2.“US business activity growt…