Chicago PMI August
Summary: Headline reads Chicago PMI soars above expectations, under the sheets...
prices paid soared for the 7th month, and as hiring shrank, the employment decline accelerated to its weakest since Oct 02.
Chicago PMI Aug 57.9 vs 50.8 Full Report
Inside the number: production 63.4 vs 49.2; new orders 60.2 vs 53.5; backlogs 63 vs 45.7 highest since July 1994.
However, employment decline accelerated 39.2 vs 45.9, the weakest in 6 years and prices paid 80.6, above 80 for 6 straight months and 7 months YTD.
prices paid soared for the 7th month, and as hiring shrank, the employment decline accelerated to its weakest since Oct 02.
Chicago PMI Aug 57.9 vs 50.8 Full Report
Inside the number: production 63.4 vs 49.2; new orders 60.2 vs 53.5; backlogs 63 vs 45.7 highest since July 1994.
However, employment decline accelerated 39.2 vs 45.9, the weakest in 6 years and prices paid 80.6, above 80 for 6 straight months and 7 months YTD.
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