Our Confusing Economy

brain scan

Photo: Patrick Denker via flickr

Within every Chicago PMI (.pdf) report there are anecdotal comments from the survey’s panel of manufacturing companies.This month we were amused by these two back-to-back characterizations of the economy.

One guy sees things collapsing. Another says his manufacturing company is “officially swamped.”

  • Business sales been slowing throughout the year, and continue to slow, but now at an increasing rate, becoming very alarming.
  • We are officially swamped and doing everything we can to get our machines out this year….some will bleed into 2013, but we will make up a large portion of our yearly revenue in Q4.

So yeah. If the economic coverage seems bipolar at times, that’s how it is on the ground, too.

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