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Tuesday, May 31, 2016

May Chicago PMI 49.3 vs 50.5 expected

  • Prior was 50.4
  • New orders shrank
  • Prices paid grow at slower pace
  • Employment shrank
  • Production shrank
Note that the Chicago PMI is released to subscribers three minutes before the official release.
The miss isn't a big surprise given that all the regional manufacturing numbers so far in May have been weak.
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