Ultima Markets[Market Hotspot] Double Reduction in Manufacturing and Service Industry Data, Meitech...

Due to the sell-off of technology stocks and increased concerns about a possible economic slowdown, Wall Street's main focus is onstock market indexOn Tuesday, the selling pressure hit hard. S&P 500 Index decline 1%The Dow Jones Industrial Average plummeted 404 Point, Nasdaq index falling 1.6%。 The latest economic data shows that,ISM Service industry PMI Not as expected, and factory orders have decreased more than expected.

Continuing12Monthly slight decline0.3% Afterwards,1Monthly decrease in demand for manufactured goods in the United States3.6%. This number is higher than the market forecast2.9% The decline is even greater, which is also due to2020 year4The most severe recession since the beginning of the month, transportation equipment(-16.2%)Base metal(-1.9%)Metal products(-0.9%) and mechanical(-0.3%) The orders have significantly shrunk. However, at the same time, the computer and electronic product industries have shown positive development and growth1.3%Growth in electrical equipment, appliances, and parts0.9%。

(Monthly rate of orders from US factories, US CensusBureau)

ISMService industryPMI to2 Descending at the end of the month52.6Below1 The four month high recorded on a monthly basis 53.4And worse than expected53。 The growth rate of the service industry has slightly slowed down due to a reduction in supplier delivery（48.9 vs 52.4）And the decrease in employment（48vs 50.5）。

Overall, despite concerns about inflation, employment, and ongoing geopolitical confrontation, most service providers remain optimistic about the business situation.

(The Purchasing Managers Index for the US Service Industry, ISM)

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