Chicago PMI unexpectedly falls to in May
==========
The Chicago Purchasing Managers' Index (PMI) for May fell to 35.4, lower than the expected 40.8 and down from 37.9 in April. The unexpected decline in the PMI indicates a slowdown in economic activity in the Chicago area. The data suggests that business conditions deteriorated in May, with declines in production, new orders, and employment. This decline in the PMI is a concerning sign for the U.S. economy as it indicates a potential slowdown in manufacturing and overall economic growth.
#ChicagoPmi #EconomicActivity #BusinessConditions #Manufacturing #EconomicGrowth
https://seekingalpha.com/news/4111941-chicago-pmi-unexpectedly-falls-to-in-may
Seeking Alpha /
npub1qpf…damf
2024-05-31 16:38:18
Author Public Key
npub1qpfrthtcf6g8grmwfv45qf28aa4xqk73pgnmwjdfuze8zl2l2cnsewdamfPublished at
2024-05-31 16:38:18Event JSON
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"content": "Chicago PMI unexpectedly falls to in May\n==========\n\nThe Chicago Purchasing Managers' Index (PMI) for May fell to 35.4, lower than the expected 40.8 and down from 37.9 in April. The unexpected decline in the PMI indicates a slowdown in economic activity in the Chicago area. The data suggests that business conditions deteriorated in May, with declines in production, new orders, and employment. This decline in the PMI is a concerning sign for the U.S. economy as it indicates a potential slowdown in manufacturing and overall economic growth.\n\n#ChicagoPmi #EconomicActivity #BusinessConditions #Manufacturing #EconomicGrowth\n\nhttps://seekingalpha.com/news/4111941-chicago-pmi-unexpectedly-falls-to-in-may",
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