Stagflation Signals Flashing: Chicago PMI Drops, New Orders Slide As Prices Spike

by Tyler Durden
ZeroHedge.com
Dec 30, 2016

Following November’s exuberant spike to Jan 2015 highs, December saw Chicago Purchasing Managers lose some Trumpian hope as the index slid from 57.6 to 54.6 with new orders, production, and inventories all fell. It seems the ‘hard’ industrial production and durable goods data was right after all and the sentiment-fueled ‘soft’ surveys once again over-reached, and with prices paid rising, stagflation signals are flashing.

The Rest…HERE

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