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

chicago buckingham fountain

Photo: roger4336/Flickr


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.


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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