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Chicago PMI Jumps To 6-Month Highs As UMich Consumer "Hope" Tumbles To 2015 Lows

Tyler Durden's picture




 

It appears Chicago businesses are immune to the vaguaries of the worst quarterly wage growth in US history. Following significant weakness earlier in the year, Chicago PMI surged to 54.7, the second highest in 2015, smashing expectations of a 50.8 print. Having flashed its recessionary warning lights, while 7 underlying factors improved led by increased production and new orders (and prices paid), employment continued to fall (though at a slower pace). After missing in July's preliminary print (93.3 vs 94.0), UMich consumer sentiment final print for July dropped even further to 93.1, heading back towards the lows of the year as hope plunged from 87.8 to 84.1 - the lowest since Nov 2014.

 

"Recession" fears fixed...

 

 

and UMich Consumer Sentiment missed and tumbled even further from the preliminary data...

 

As hope drops to its lowest since Nov 2014...

 

Charts: Bloomberg

 

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Fri, 07/31/2015 - 10:08 | 6375195 JustObserving
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All official US economic data are more fraudulent than a seven dollar bill with Putin's portrait on it.

Fri, 07/31/2015 - 10:08 | 6375201 PartysOver
PartysOver's picture

That or the USSA has just plain gone batshiat crazy.  Manic depressive on a mass scale.

Fri, 07/31/2015 - 10:20 | 6375248 max2205
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Hope is a four letter word 

Fri, 07/31/2015 - 10:24 | 6375272 Colonel Klink
Colonel Klink's picture

By executive order Obama has now decreed it's not.

Fri, 07/31/2015 - 10:26 | 6375280 Arnold
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It isn't on Carlin's list of banned words for broadcast TV yet?

Fri, 07/31/2015 - 10:29 | 6375295 Temporalist
Temporalist's picture

When using common core it is 3-5 letter word.

Fri, 07/31/2015 - 10:10 | 6375209 ebworthen
ebworthen's picture

"I'd buy that for a dollar!"

Fri, 07/31/2015 - 10:08 | 6375199 CunnyFunt
CunnyFunt's picture

Never mind that. Didn't you know we're in a "recovery"? The meedja says so.

Fri, 07/31/2015 - 10:09 | 6375205 ebworthen
ebworthen's picture

More confuzzling data to help the FED determine that they may, or may not, raise interest rates 0.25%  Let us consult the weather stone...

Fri, 07/31/2015 - 10:49 | 6375376 jmcwala
jmcwala's picture

Love that weather stone. ZH should use its photograph more in articles like this one.

Fri, 07/31/2015 - 10:10 | 6375213 CHC
CHC's picture

HaHaHa - we all live in a perfect world.  Awesome!

Fri, 07/31/2015 - 10:23 | 6375266 Colonel Klink
Fri, 07/31/2015 - 10:12 | 6375225 Maestro Maestro
Maestro Maestro's picture

INDICTMENT

Americans are criminals because Americans violate the Constitution of the United States of America.

The U.S. President Obama, the entire U.S. Congress, the CIA, the FBI, the U.S. Military, and the entire Police Force of these United States SWORE to protect, serve and uphold the U.S. Constitution.

The U.S. Constitution forbids usage of debt as money (referred to as 'notes') and stipulates that only gold and silver can be used as money.

Yet,

Americans commit or support and condone the murder and torture human beings throughout planet earth in the name of democracy and freedom, all for the sake of acquiring Constitutionally fraudulent and illegal Federal Reserve Notes a.k.a (counterfeit) U.S. Dollars.

Since the United States is a democracy and Americans only elect Democrats and Republicans who perpetuate this unlawfulness,

Americans are indicted criminals according to the United States Constitution.

Spread the word.

Fri, 07/31/2015 - 10:14 | 6375230 Chuck Knoblauch
Chuck Knoblauch's picture

The silent majority is ready to revolt.

Fri, 07/31/2015 - 10:19 | 6375247 vq1
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"we will.... just as soon as we run out of shows on netflix to watch"

Fri, 07/31/2015 - 10:22 | 6375259 Arnold
Arnold's picture

Naw , we're not hungry yet.

 And if we were, we wouldn't be talking about it.

Fri, 07/31/2015 - 10:34 | 6375314 Chuck Knoblauch
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Still too much government cheese circulating.

Fri, 07/31/2015 - 10:17 | 6375242 FlipFlop
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Tyler: 

Why do you have email prompt every time on this page. I am already on your mailing list, and do not want to shut down the request to join. Anyway, mailing list is useless as all articles so far have been behind a paywall.

You seem to have tweaked the site. Now reading stuff with iPad Air is hard, as there are constantly errors and the site collapses.

I (still) like your site, but wanted to make you aware of these user experience issues.

Fri, 07/31/2015 - 10:23 | 6375264 vq1
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If using google chrome, "about:plugins" and disable adobe flash. That helped me. For the iPad Air, throw it in the garbage and get something android powered. 

Fri, 07/31/2015 - 10:47 | 6375362 jmcwala
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You don't have to disable Flash to deal with the obnoxious pop ups on this site. Adblocker Plus can selectively block Flash on sites when you need to block Flash, and allow it to work when you want it.

Fri, 07/31/2015 - 10:21 | 6375254 Colonel Klink
Colonel Klink's picture

You can no longer trust the information coming from Wall street or Washington, District of Criminals.

Fri, 07/31/2015 - 10:22 | 6375262 Handful of Dust
Handful of Dust's picture

It's "awesome! " if not "exceptional! "

 

 

Fri, 07/31/2015 - 10:26 | 6375277 pebblewriter
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If it's not USDJPY or CL, it just doesn't matter at this point.

http://pebblewriter.com/big-picture-jul-31-2015/

Do NOT follow this link or you will be banned from the site!