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Chicago PMI Rebounds To 2-Year Highs After January Crash
Tuesday, February 28, 2017 9:19
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After crashing to its lowest print in a year (in January), MNI’s Chicago PMI soared in February to 57.4 – well above the highest expectation – to the highest since Jan 2015.
The median estimate of 35 economists was 53.5 – this surge to 57.4 is above the highest of those expectations with 6 of the sub-components rising.
The biggest spike was in Prices Paid – surging to 68.6 – as stagflation once again rears its ugly head.
Another ‘soft’ survey data beat to go with the ‘hard’ data misses.
Source: http://silveristhenew.com/2017/02/28/chicago-pmi-rebounds-to-2-year-highs-after-january-crash/
