Copyright ZeroHedge
There's good news and bad news in today's macro data (what scarce data there is). MNI's Chicago Business Barometer (PMI) printed a better than expected 43.8 (42.3 exp), up from the prior 40.6... Source: Bloomberg There's a little more good news as seven of the underlying components rose vs last month: Prices paid rose at a faster pace; signaling expansion New orders fell at a slower pace; signaling contraction Employment fell at a slower pace; signaling contraction Inventories fell at a slower pace; signaling contraction Supplier deliveries rose at a faster pace; signaling expansion Production fell at a slower pace; signaling contraction Order backlogs fell at a slower pace; signaling contraction
