Chicago PMI Drops From 6 Year Highs As New Orders Slow

After reaching its highest since March 2011 in October, Chicago Business Barometer dropped in November (but beat expectations) amid slowing New orders.

Chicago PMI dropped from 66.2 to 63.9, better than the 63.0 expectations…

Under the covers:

  • Prices paid rose at a faster pace, signaling expansion
  • New orders rose at a slower pace, signaling expansion
  • Employment rose and the direction reversed, signaling expansion
  • Inventories rose at a faster pace, signaling expansion
  • Supplier deliveries rose at a faster pace, signaling expansion
  • Production rose at a faster pace, signaling expansion
  • Order backlogs rose at a slower pace, signaling expansion
  • Business activity has been positive for 12 months over the past year.

As good as it gets?

Allikas: ####post_title####

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