Chicago PMI Beats Expectations Of 58, Prints At 60.6, Better Than previous 60.4, Prices Paid Surges
Chicago PMI comes at 60.6, beats expectations of 58, and an improvement of last month's 60.4. Shares take a step down as traders, like good Pavlovian dogs, have learned that good news is bad. Nothing too notable within the index itself except for Prices Paid which sure from 55 to 68.9.
Digging through the report:
- Employment: 54.6 vs. Prev. 53.4
- New Orders: 65.0 vs. Prev. 61.4
- Prices Paid: 68.9 vs. Prev. 55.0
- Production: 69.8 vs. Prev. 64.3