CHICAGO PMI RISES TO 50.4 — But Huge Drop In New Orders

chicago buckingham fountain

Photo: roger4336/Flickr

UPDATE:

Chicago PMI rose back above 50, but was a slight miss.

50.4 was a hair shy of estimates.

Last month as 59.9, so it’s good that this is a reading back in positive territory.

The internals are quite mixed.

The new orders index fell to 45.3 from 50.6.

On the other hand, employment rose to 55.2 from 50.3.

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ORIGINAL POST: Next number of the day: Chicago PMI, a key regional gauge of the economy.

The number is expected to be 50.5, up from 49.9 last month.

We’ll have it here LIVE at 9:45 AM ET.

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