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Wednesday, May 31, 2017

May Chicago PMI 55.2 vs 57.0 expected

  • Lowest since January
  • Prior was 58.3
  • New orders slow
  • Employment slows
  • Production slows
  • Prices paid rise at slower pace
  • The index has been above 50 for 12 straight months

 It's a miss but it's still well-above 50. The question is: What does the US dollar need to stay strong? Lately, the series of misses has started to weigh more heavily.

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