Chicago PMI Beats But Remains In ‘Contraction’ For Second Straught Year There’s good news and bad news in today’s macro data (what scarce data there is). MNI’s Chicago Business Barometer (PMI) printed a better than expected 43.8 (42.3 exp), up from the prior 40.6… Source: Bloomberg There’s a little more good news as seven of the underlying components rose vs last month: Prices paid rose at a faster pace; signaling expansion New orders fell at a slower pace; signaling contraction Employment fell at a slower pace; signaling contraction Inventories fell at a slower pace; signaling contraction Supplier deliveries rose at… — Continue at ZeroHedge News : Read More
