Chicago PMI Crashes Most In 29 Months As Stagflation Strikes

by Tyler Durden
ZeroHedge.com
Jul 31, 2017

After exploding to its highest since May 2014 in June, Chicago Purchasing Managers gave up hope in July.

PMI plunged most since Feb 2015 to 58.9 – erasing all of July’s “surprise” gains as new order growth slowed and prices paid accelerated.

Only 2 components were rising:

Prices paid rose at a faster pace
New orders rose at a slower pace
Employment rose at a slower pace
Inventories rose at a faster pace
Supplier deliveries rose at a slower pace
Production rose at a slower pace
Order backlogs rose at a slower pace

Are ‘soft’ surveys about to start waking up to reality?

The Rest…HERE

This entry was posted on Monday, July 31st, 2017 at 9:59 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.