Chicago PMI data
- Lower than the worst estimate
- Lowest since Jan 2017
- Prior was 65.4 (revised to 63.8)
- Employment rises at faster pace
- Production rises at slower pace
- Inventories rose at a slower pace
This is a big miss. Manufacturing numbers have been all over the place lately. This was one of the last ones to fall but others have since bounced. Even with the drop, 56.7 is a healthy number.
