Chicago PMI drops to 36.9, highlighting stagflation Powell overlooks.

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The latest Chicago Purchasing Managers’ Index (PMI) reading has dropped to a concerning 36.9, far below the forecast of 42.7. This sharp decline from the prior reading of 42.7 signals a deeper contraction in the region’s manufacturing sector than expected.

The Chicago PMI is a key indicator of the manufacturing sector’s health. A reading below 50 indicates contraction, and at 36.9, the data clearly points to severe struggles within the industry. This unexpected drop raises alarm over the region’s economic future.

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The decline suggests significant challenges, likely driven by economic uncertainty and market pressures. The ongoing downward trend heightens concerns about the broader economic outlook.

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Sources:

https://tradingeconomics.com/united-states/chicago-pmi

https://www.investing.com/news/economic-indicators/chicago-pmi-dips-lower-than-expected-indicating-manufacturing-contraction-93CH-3791583

https://www.fxempire.com/news/article/chicago-pmi-misses-the-mark-1486960

https://www.xtb.com/en/market-analysis/breaking-us-chicago-pmi-reading-much-lower-than-expected


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