Chicago PMI At 62.5 Vs Expectations Of 59.9, And Previous Print Of 60.6
The Chicago PMI came at 304,955. Not really, but the index whose New Orders came at the highest since May 2007 has about as much credibility as anything out of the BLS these days. US Chicago PMI (Nov) M/M 62.5 vs. Exp. 59.9 (Prev. 60.6), highest since April 2010
- Employment: 56.3 vs. Prev. 54.6
- New Orders: 67.2 vs. Prev. 65.0, highest since May 2007
- Prices Paid: 70.7 vs. Prev. 68.9, highest since April 2010
- Production: 71.3 vs. Prev. 69.8, highest since April 2005
Yes, the prices paid surging means margings are taking, but who cares. After all, there are headlines to fudge R2D2's fuzzy logic with.