Chicago PMI Misses As New Orders & Production Slump

US equity markets were sliding into the Chicago PMI print as early release indications proved correct and it missed expectations. Having flip-flopped from worst since July 2013 to almost cycle highs last month, Chicago PMI printed 60.5 (vs 62.0 expectations) hindered a drop in new orders and production. The silver lining, the employment index improved modestly. Prices Paid surged to its highest since 2012.

Chicago PMI flip-flopped again…

 

Not exactly the smoothest most consistent indicator of economic health?!




via Zero Hedge http://ift.tt/1qRwV3A Tyler Durden

Leave a Reply

Your email address will not be published. Required fields are marked *