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Chicago PMI at 48.7 in Sept vs 53.0 reading expected

DA60

DA60

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'The Chicago Purchasing Managers Index showed surprising weakness in September, with the gauge dropping below 50.

Chicago PMI, a reading on manufacturing activity, fell to 48.7, compared with expectations of 53.0 and down sharply from 54.4 reported a month earlier.

A reading below 50.0 indicates a contraction in the sector.'

http://www.cnbc.com/2015/09/30/chicago-pmi-sept-2015.html


Rate hikes?

Screw that...I smell QE4.
 
DA60 said:
'The Chicago Purchasing Managers Index showed surprising weakness in September, with the gauge dropping below 50.

Chicago PMI, a reading on manufacturing activity, fell to 48.7, compared with expectations of 53.0 and down sharply from 54.4 reported a month earlier.

A reading below 50.0 indicates a contraction in the sector.'

http://www.cnbc.com/2015/09/30/chicago-pmi-sept-2015.html


Rate hikes?

Screw that...I smell QE4.
Click to expand...

is this specific to chicago or a national measurement that is conducted by someone in chicago?
 
MrT said:
is this specific to chicago or a national measurement that is conducted by someone in chicago?
Click to expand...

Just for Illinois, Indiana and Michigan.

But it is a bad sign, imo. Plus, manufacturing (as far as I know) has been retracting in America for many months in general AND with the stock market falling so hard lately PLUS the markets jumped today partially on the hope of QE4 due to the lousy Chicago PMI numbers.


I am not saying what will happen. I am just saying that I think that the economy looks far too weak for rate increases and that I feel QE4 is around the corner. When...I do not know.
 
Last edited:
DA60 said:
'The Chicago Purchasing Managers Index showed surprising weakness in September, with the gauge dropping below 50.

Chicago PMI, a reading on manufacturing activity, fell to 48.7, compared with expectations of 53.0 and down sharply from 54.4 reported a month earlier.

A reading below 50.0 indicates a contraction in the sector.'

http://www.cnbc.com/2015/09/30/chicago-pmi-sept-2015.html


Rate hikes?

Screw that...I smell QE4.
Click to expand...

Print that money!!!
 
US manufacturing sector growth eases in September: ISM

'The pace of growth in the U.S. manufacturing sector slowed in September while remaining at its lowest level since May 2013, according to an industry report released on Thursday.

The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.2 from 51.1 the month before. The reading was shy of the expected 50.6, according to a Reuters poll of economists.

A reading above 50 indicates expansion in the manufacturing sector.
US layoffs surge 43% in Sept to 58,877: Challenger
The new orders subindex fell to 50.1 from 51.7 to mark the lowest level since Nov. 2012. The prices paid index fell to 38.0 from 39.0 to mark the weakest level since February, disappointing expectations for 39.3.

The employment index slipped to 50.5 from 51.2 to remain at its lowest level since April, while the imports index slipped to 50.5 from 51.5 to remain at its lowest level since Jan. 2013.'

http://www.cnbc.com/2015/10/01/ism-...-sept-construction-spending-up-07-in-aug.html
 
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