March Chicago PMI 57.4 vs 62.0 expected

March Chicago PMI 57.4 vs 62.0 expected

March 2018 Chicago PMI survey highlights

  • Lowest in more than a year
  • Prior was 62.0
  • Employment improved
  • New orders lower
  • Prices paid increased
  • Production lower

That’s a big, surprising drop. The market is taking it in stride because it’s still well-above 50 and had been at extremely high levels.

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