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Chicago PMI Soars By Most Since October 2009, Biggest Beat Since September 2011

Submitted by Tyler Durden on 01/31/2013 10:57 -0400

Remember when the Chicago PMI was revised much lower in December, pushing it from 51.6 to some 48.9, as part of its annual revision. Well, the baffle with BS show must go on. Moments ago the PMI printed at a number that makes a complete mockery of all the regional Fed diffusion indices and the various confidence data, not to mention all other manufacturing data, miraculously soaring from 50.0 to 55.6, the highest print since April, the biggest monthly jump since October 2009 and a 5 sigma beat to expectations of 51.6: the biggest such beat in absolute terms since September 2011.

What is funny is that as usual the actual respondents are far gloomier than the headline would indicate

2013 is starting out a tad slower than December of 2012, but after our 4th quarter it's actually welcomed, we will be busy, but not to the extent that we were in 4th quarter of 2012. The year is looking fairly good to start.
Some industries are consolidating, like linerboard/corrugate, giving remaining players pricing power despite flat to slower volumes.
The Flu outbreak has caused our hospitals to reach capacity - and the result is an allocation from manufacturers on masks.
Seems like companies have forgot[ten] how to provide service.
Small business still reviewing impact from tax changes. Worry about cost increases in near future.
Business is slow out of the gate for 2013.

And since this is Baffle with BS-ville, it is only (il)logical that in the aftermath of today's blistering data, expect tomorrow's ISM to be a miss.

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Thu, 01/31/2013 - 10:57 | 3202318 mayhem_korner

Well the Blackhawks started 6-0-0. That must've goosed up the stats...

Thu, 01/31/2013 - 11:00 | 3202321 spastic_colon

and the jobs component was down big for a perfect report for the algos

Thu, 01/31/2013 - 11:03 | 3202333 Pladizow

I call BULLSHIT!

Thu, 01/31/2013 - 11:28 | 3202420 EscapeKey

when it gets serious, you have to lie

Thu, 01/31/2013 - 12:00 | 3202558 Manthong

Um..

What part about CHICAGO do people not understand?

I call CHICAGO!

Thu, 01/31/2013 - 13:59 | 3203073 Colonel Klink

I call it SHITCAGO. Look where the turd in the whitehouse came from. Anus of the midwest.

Thu, 01/31/2013 - 11:31 | 3202432 rfaze

Look what the Chicago pmi did the 2 months before the 2008 crash. It went from 49 to 56 then crashed to 37.

http://www.bloomberg.com/markets/economic-calendar/

Thu, 01/31/2013 - 10:59 | 3202323 PUD

Every single regional index in deep contraction except the murder capital of the US...hmmmmmmm things that make you go hmmmmmmm

Thu, 01/31/2013 - 11:25 | 3202401 Umh

Maybe there is a reason some midwest industries are doing well in recent years. Maybe someone has their back and won't let them underperform....

Thu, 01/31/2013 - 11:25 | 3202412 Doubleguns

Morgue expenditures and coffin sales did it.

Thu, 01/31/2013 - 11:03 | 3202334 LongSoupLine

Yet another piece of fucking crooked shit to come out of Chicago.

Fuck you Fed fucking shit covered assholes.

Thu, 01/31/2013 - 11:04 | 3202335 Banksters

We are all Schrodinger's cats.

Thu, 01/31/2013 - 11:05 | 3202339 joego1

I wonder what there making? Hollow points?

Thu, 01/31/2013 - 11:04 | 3202340 nobusiness

Is the PMI released at around 9:40 to the "corrupt banks" the market bursted higher at that time.

Thu, 01/31/2013 - 11:17 | 3202385 PUD

I believe that you can subscribe and get the release 15 min early...par for the fraudulent course

Thu, 01/31/2013 - 11:15 | 3202341 buzzsaw99

I for one welcome our drone overlords.

Thu, 01/31/2013 - 11:06 | 3202343 bnbdnb

No ups, no downs, for the next 30 years.

Thu, 01/31/2013 - 11:07 | 3202356 d edwards

The leap in the report probably reflects the HUGE jump in the funeral business, burying all the murder victims in "gun free" Chicago.

Thu, 01/31/2013 - 11:08 | 3202351 Dr. Engali

I would have thought the hospitals were already at capacity from all the shootings in Chicago. I'm surprised they have room for patients with the flu.

Thu, 01/31/2013 - 11:33 | 3202438 Ness.

Shootings/guns are now passe - Chicago has a new weapon of choice.

"A man is being held on bond for robbing five girls at knifepoint.

Andre Stovall is charged with five counts of armed robbery.

Police say Stovall and another man robbed five girls at the Metra station on 83rd Street, Friday night.

Police say both men threatened to kill the girls if they didn’t hand over their phones and purses."

http://wgntv.com/2013/01/28/man-charged-for-robbing-5-girls-at-knifepoint/#ixzz2JZF2wWvp

Thu, 01/31/2013 - 11:07 | 3202352 nobusiness

Does anyone care Isreal is starting a war with Syria and Iran and Russia has pledged support

Thu, 01/31/2013 - 11:08 | 3202359 joego1

I do! He said as he closed the hatch on his bunker.

Thu, 01/31/2013 - 11:11 | 3202367 akarc

defense and oil companies

Thu, 01/31/2013 - 11:17 | 3202382 buzzsaw99

Izreel is a pain in the ass.

Thu, 01/31/2013 - 11:19 | 3202386 d edwards

Sorry, Israel is protecting herself from islamist madmen in Syria who are preparing to use Assad's chemical weapons.

Thu, 01/31/2013 - 11:23 | 3202399 buzzsaw99

some boogerman or other is always out to get izreel.

Thu, 01/31/2013 - 11:34 | 3202445 Doubleguns

We need to be concerned for another false flag.

Hacked Files Shows US Approved Chemical False Flag Plan In Syria.

http://beforeitsnews.com/alternative/2013/01/hacked-files-shows-us-appro...

Thu, 01/31/2013 - 11:35 | 3202449 madcows

Oh oh. Now you done it. Crazy anti-zionists, muhamadites are gonna terror blog you.

Thu, 01/31/2013 - 13:27 | 3202967 Spastica Rex

Teh interwebs are a scary place. I have to be on constant alert for spammers, scammers, porno-pops, and moslem extremists. Sometimes I think I'l have to stop browsing and read a book.

Thu, 01/31/2013 - 12:14 | 3202638 nobusiness

I agree Isreal is doing what it has too. I'm asking why doesn't the market care world war II is starting?

Fri, 02/01/2013 - 04:02 | 3205401 mkhs