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Chicago PMI December 59.1 vs 60.8 expected

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The main survey of Chicago-area manufacturing:

  • Prior was 63.0
  • New orders 61.7 vs 68.8
  • Employment at 51.6 vs 60.9
  • Prices paid 63.3 vs 63.7 prior
  • Inventories at 43.9 vs 61.1

This number is worse than the headlines suggest. The drop in new orders is concerning and employment is at the lowest since April.

Chicago PMI employment

Chicago PMI employment index

The market reaction to the data has been minimal, although the US dollar remains close to the lows of the day.

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Categories: All, Americas, Economic Data, Regions
Tags: Chicago PMI
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