» Chicago PMI 49.9-no Oct bounce Decision Economics

Chicago PMI 49.9-no Oct bounce

Posted October 31, 2012 by rvillareal

Chicago PMI 49.9 no bounce in Oct.; details mixed

DE: assessment:  The Chicago PMI did not rebound in Oct as expected, with index changing little to 49.9, below the pivotal 50 reading.  Both DE and the consensus were expecting a rebound to 51 or higher which would have retraced about half of the decline in September.

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