vrijdag 31 maart 2017

Chicago PMI Jumps To 2 Year Highs Despite Plunge In Employment Index

The good news - another 'soft' survey data item inches to a new post-Trump high as Chicago PMI rises to 57.7, highest since Jan 2015. However, the bad news is that exuberant hope is not translating into hard reality as the employment sub-index collapsed into contraction. The 57.7 print beat expectations of a modest decline to 56.9, but the employment component crashed from 57.7 to 49.9, into contraction... 


# Business barometer rose at a faster pace, signaling expansion;
- Prices paid rose at a slower pace, signaling expansion
- New orders rose at a faster pace, signaling expansion
- Employment fell and the direction reversed, signaling contraction
- Inventories rose at a faster pace, signaling expansion
- Supplier deliveries rose at a faster pace, signaling expansion
- Production rose at a faster pace, signaling expansion
- Order backlogs fell at a slower pace, signaling contraction
- Business activity has been positive for 12 months over the past year....