Chicago PMI declines to 47.6

Chicago PMI: Feb Chicago Business Barometer Down 8.0 pts to 47.6 The Chicago Business Barometer recoiled 8.0 points to 47.6 in February following a sharp increase to 55.6 in the previous month, led by significant declines in Production and New Orders ... The Barometer's decline was led by an 18.5 drop in Production, which completely reversed January's near 16 point gain, pushing it back into contraction. New Orders also fell sharply and Order Backlogs slipped further into contraction, a situation that has persisted for a year. Employment also declined significantly, leaving it at the lowest......(read more)

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