CHICAGO PMI MISSES EXPECTATIONS AT 62.2

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UPDATE:It’s a miss!

Chicago PMI came in at 62.2 vs. expectations of 63.0.

From the report:

  The Chicago Purchasing Managers reported the March Chicago Business Barometer paused after February’s 10 month high.  While slowing, the Chicago Business Barometer marked its fifth month above 60, a 2-1/2 year period of expansion and trend data improved.  Increases were seen in five of eight Business Activity Indexes, highlighted by significant advances in Prices Paid and Inventories, and a notable lengthening in lead times for Production Material.

BUSINESS ACTIVITY:

    •    PRICES PAID highest level since August 2011;
    •    INVENTORIES largest gain since December 2010;
    •    NEW ORDERS retraced February’s large gains;
    •    EMPLOYMENT expansion slowed;

 

 

ORIGINAL POST: The next big number of the day.

Analysts expect Chicago PMI to come in at 63.0, down a touch from 64.0 last month.

We’ll have the number here LIVE.

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