Highlights of the Chicago PMI
"The Chicago Business Barometer fell to a 5.5 year low in February as unfavourable weather and port related delays tugged on area growth. Production, New Orders, Order Backlogs and Employment suffered double digit losses placing all four in contraction"
The US dollar has continually shrugged
of poor readings on manufacturing and it did so once again with the
Chicago PMI. EUR/USD remains at the lows of the day at 1.1180.
It is turning into a terrible month for manufacturing surveys:
- NY- Miss
- Philly- Miss
- Dallas- Miss
- Richmond- Miss
- KC- Miss
- Milwaukee- Miss
- Chicago- Miss
h/t @bespokeinvest
