woensdag 31 mei 2017

'Soft' Data Slammed To 6-Month Lows As Chicago PMI Tumbles

Employment, new orders, and production all slowed notably in May according to the MNI Chicago PMI report. Printing at 55.2, below the lowest expectation. This is the lowest level since January's collapse...


*) Forecast range 56 - 62 from 34 economists surveyed, oops! Breakdown:
- Prices paid rose at a slower pace, signaling expansion
- New orders rose at a slower pace, signaling expansion
- Employment rose at a slower pace, signaling expansion
- Inventories rose at a faster pace, signaling expansion
- Supplier deliveries rose at a faster pace, signaling expansion
- Production rose at a slower pace, signaling expansion
- Order backlogs fell at a slower pace, signaling contraction
- Business activity has been positive for 12 months over the past year.
- Number of components rising vs last month: 3
*) The continued disappontment in 'soft' data is becoming serious...