Posted on 07/31/2014 7:28:31 AM PDT by Oldeconomybuyer
WASHINGTON -- Chicago PMI dropped sharply in July to its lowest level in over a year, according to the Chicago business barometer released Thursday. The index fell to 52.6 in July from 62.6 in June, below the MarketWatch-compiled consensus of 63.5. It is the sharpest one month drop in the Chicago PMI since the start of the financial crisis in October 2008. The decline was led by a collapse in production and orders, which had all been strong since last fall, according to the release.
(Excerpt) Read more at marketwatch.com ...
Unexpected!
Yeah, baby!
Forward!
Wait they just reported the economy was growing at a booming 4% a year rate....
An interesting downward fluctuation in stocks is showing at this time.
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