Chicago PMI dips lower than expected, indicating manufacturing contraction

Investing.com ^ | 30 Dec 2024

[reed13k]

In a recent economic event, the Chicago Purchasing Managers' Index (PMI) reported a score of 36.9, suggesting a contraction in the manufacturing sector of the Chicago region.

The PMI score of 36.9 is significantly lower than the forecasted 42.7, indicating a more severe contraction in the manufacturing sector than initially anticipated. This lower than expected reading is generally interpreted as negative, or bearish, for the USD.

[reed13k]

This is the 11th lowest Chicago PMI in history according to my searches. Looks like the real economic numbers are finally starting to come out.

[reed13k]

Copilot AI gave me this, without the new number included (note: the AI didn’t organize by PMI # or date):

Here are the 20 lowest Chicago PMI numbers with their respective dates:

1. June 1980: 20.7
2. November 2024: 40.2
3. October 2024: 41.6
4. June 2020: 36.6
5. May 2020: 32.3
6. April 2020: 35.4
7. March 2020: 35.1
8. February 2020: 37.2
9. January 2020: 37.6
10. December 2019: 37.9
11. November 2019: 38.3
12. March 2016: 39.4
13. December 2015: 42.9
14. January 2013: 45.9
15. June 2009: 39.9
16. January 2009: 33.3
17. December 2008: 33.8
18. February 2009: 34.2
19. March 2009: 34.5
20. April 2009: 35.0

[srmanuel]

Once Trump takes over, the false economic numbers the Biden Administration has been reporting will stop and the real numbers will be reported once Trump takes over and they real number will show the economy has been and continues be in a free fall, only propped up by Government spending, once that goes back to normal, the economy will really tank and Trump will be to blame.

[neverevergiveup]

The way around that is to get out in front of it and point out NOW how the numbers were being manipulated. Further, Yellen has already stated that the US is heading toward defaulting on out debt sometime in mid-January - before Trump takes office. This is a perfect opportunity to use the left's own words and deeds to lay the blame at their feet where it belongs.

[srmanuel]

It’s important for Trump and his team make sure any deal for exchanging the debt limit has to include some key items from the Trump agenda or at the very least, extend the debt limit for 90 days and give the Trump team the time to negotiate their own deal, this time with a Republican Senate.

[blackberry1]

More than a fourth of the annual GDP is government spending.

Any budget cutting triggers recessionary tremors.