Chicago PMI Tumbles From March Dead-Cat-Bounce “Plagued By A Lack Of Orders”
by Tyler Durden
ZeroHedge.com
04/29/2016
March’s dead-cat-bounce in Chicago PMI (like January’s) has died again as the business barometer drops to just 50.4 (from 53.6) missing expectations of 52.6. This barely-above-contractionary level was driven by an 11-point collapse in Order backlogs to the lowest since Dec 2015, and as MNI reports, “order patterns continued to be plagued by a lack of large orders and absence of international demand, purchasers said.”
The Rest…HERE
