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Chicago PMI drops sharply in July
Market Watch ^ | July 31, 2014

Posted on 07/31/2014 7:28:31 AM PDT by Oldeconomybuyer

WASHINGTON -- Chicago PMI dropped sharply in July to its lowest level in over a year, according to the Chicago business barometer released Thursday. The index fell to 52.6 in July from 62.6 in June, below the MarketWatch-compiled consensus of 63.5. It is the sharpest one month drop in the Chicago PMI since the start of the financial crisis in October 2008. The decline was led by a collapse in production and orders, which had all been strong since last fall, according to the release.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
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1 posted on 07/31/2014 7:28:31 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Unexpected!


2 posted on 07/31/2014 7:30:26 AM PDT by wny
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To: Oldeconomybuyer

Yeah, baby!

Forward!


3 posted on 07/31/2014 7:34:22 AM PDT by headstamp 2
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To: wny

Wait they just reported the economy was growing at a booming 4% a year rate....


4 posted on 07/31/2014 8:07:05 AM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
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To: Oldeconomybuyer

An interesting downward fluctuation in stocks is showing at this time.


5 posted on 07/31/2014 9:38:22 AM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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