
US Manufacturing Plunges To 7 Year Lows As PMI "Dashes Hope That Q1 Weakness Was Temporary
• zerohedge.comFollowing Japan's record low PMI, Europe's modest pick-up, and China's bounce, this week's Philly Fed crash was more indicative as US Manufacturing (flash) PMI printed 50.8 (from 51.5 in March and notably missing 52.0 expectations).