Chicago PMI Collapses From ‘Mysterious’ January Bounce As Employment Crashes To 7 Year Lows
by Tyler Durden
ZeroHedge.com
02/29/2016
Following the biggest beat on record in January jumping to 55.6, Chicago PMI collapsed in February to a stunning 47.6 – below the lowest estimate from economists. The entire report is a disaster with New orders tumbling, production sharply lower, and employment contracting for the 5th month in a row – to its lowest since March 2009. As one respondent warned, business was just “limping along at the moment with little promise in sight.”
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