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Chicago PMI Beats But Remains Lower Year-Over-Year

Tyler Durden's picture
Submitted by Tyler Durden on 01/30/2015 10:52 -0400



 

Having tumbled (and missed) for two straight months, hope triumped in January and pushed Chicago PMI above expectations printing 59.4 (against 57.4 consensus). This is still the 2nd worst print since July so let's not get all excited quite yet as only 4 components rose. This is the 4th month in a row of negative YoY prints. So just to clarify - US GDP misses notably and stocks say "meh" but Chicago PMI beats and stocks smash higher on a JPY lifeboat...

 

 

Breakdown

  • Prices Paid fell compared to last month
  • New Orders rose compared to last month
  • Employment rose compared to last month
  • Inventory fell compared to last month
  • Supplier Deliveries fell compared to last month
     
  • Production rose compared to last month
     
  • Order Backlogs rose compared to last month
 
»

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Fri, 01/30/2015 - 10:58 | 5724938 Dr. Engali
Dr. Engali's picture

One word....... Chicago.

Fri, 01/30/2015 - 10:59 | 5724940 dimwitted economist
dimwitted economist's picture

the crisis of shadows has passed..

Fri, 01/30/2015 - 11:04 | 5724956 NoDebt
NoDebt's picture

I love surveys.  Probably the most difficult numbers to manipulate without getting caught.

 

Fri, 01/30/2015 - 15:22 | 5726551 gdpetti
gdpetti's picture

More good news, meaning the Fed can raise rates... ie. 'pull out the rug'. Who's gonna buy the first round at this bar? Do they still take 'extend and pretend' promises?

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