Chicago PMI Slumps Back Into Contraction; Election Blamed

by Tyler Durden
ZeroHedge.com
05/31/2016

Having wavered around the magical ’50’ level for much of the last year, bouncing off December plunge lows, Chicago PMI printed below expectations of 50.5 at a contractionary 49.3 – the 6th month of contraction in the last 12 months. With weakness in new orders (lowest since Dec 2015) and production (both back into contraction), MNI notes that on the heels of April’s decline, the latest results show activity stumbling in the second quarter, following only moderate growth in Q1.

The Rest…HERE

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