Amidst all the hope – and promises from The Fed that everything will be awesome – Chicago Purchasing Managers strongly disagree as their latest business survey collapsed from a revised lower 63.8 to 56.7 in January…
That is below the lowest analyst estimate (range 58 – 63.8 from 24 economists surveyed) and the weakest print since Jan 2017…
Business barometer rose at a slower pace, signaling expansion
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Prices paid unchanged, signaling expansion
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New orders rose at a slower pace, signaling expansion
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Employment rose at a faster pace, signaling expansion
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Inventories rose at a slower pace, signaling expansion
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Supplier deliveries rose at a slower pace, signaling expansion
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Production rose at a slower pace, signaling expansion
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Order backlogs rose at a slower pace, signaling expansion
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Number of components rising vs last month: 1
via ZeroHedge News http://bit.ly/2WxCAo4 Tyler Durden