Chicago PMI Below 50 For Seven Straight Months—Never Happened Outside Of Recession
via Zerohedge: After slumping into year-end, Regional Fed surveys have (surprisingly) exploded higher this month with Richmond and Philly surveys spiking almost by the most on record. Today’s Chicago PMI was expected to follow suit – though less excitedly – with a modest gain but instead it missed massively, plunging to its lowest since Dec 2015 … Read more