Chicago PMI Crashes To Recession-Fearing 11-Month Lows

Tuesday, January 31, 2017
By Paul Martin

by Tyler Durden
Jan 31, 2017

Despite the surge in ‘soft’ survey data since Trump’s election, it appears Chicago just signaled the inflection point. MNI’s Chicago Business Barometer was revsied lower in December and then crashed lower in January to 50.3.

The print was below the lowest analyst estimate and 6 standard deviations below the consensus…

New orders, employment, inventories, and order backlogs all fell.

The last time it was lower than this was Feb 2016 (amid the market’s fears of a looming recession).

The Rest…HERE

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