November 2015 US Chicago PMI details 31 Dec 2015

  • Lowest reading since July 2009
  • In November, the Chicago PMI fell to 48.7 vs 54.0 expected
  • The biggest contributor to the barometer's decline was a 17.2 point fall in Order Backlogs to 29.4
  • New orders down 5.3 points to 38.8
  • Production and employment back into contraction

There is something ominous about the final US economic data point of the year crumbling just before the champagne corks pop.

No market reaction but that's no surprise given that it's New Years Eve.