具体分项指标表现如下：The US PMI for Chicago in December was 36.9, which fell far short of expectations of 43. The value before November was 40.2. Given Chicago's bleak PMI data, the heavy ISM manufacturing PMI to be announced later this week is also likely to be poor. The US Chicago PMI unexpectedly fell sharply, the intraday rise in US bond prices increased, and the decline in US stocks widened for a while.
On Monday, MNI's Chicago Purchasing Managers' Index (PMI) showed that the index fell sharply in December, close to its low during the COVID-19 lockdown, indicating a severe contraction in the Chicago region's manufacturing industry.
The US PMI for Chicago in December was 36.9, which fell far short of expectations of 43. The value before November was 40.2. Among economists surveyed by the media, the most pessimistic expectations were 40. 50 is the dividing line between prosperity and death.
The specific sub-indicators are shown as follows:
The rate of increase in payment prices has slowed and is still expanding. The decline in new orders is accelerating and is in contraction. Although the rate of decline in employment has slowed, it is still shrinking. Inventories are falling faster and are shrinking. The supplier delivery index is rising at an accelerated pace and is expanding. Production is declining rapidly and is in contraction. The order backlog is declining at a slower rate and is shrinking.
Regarding the latest Chicago PMI data, the analysis said that this downward trend indicates that manufacturing companies in the Chicago area continue to struggle. This may be due to market fluctuations or other external economic pressure.
The Chicago PMI helps look ahead to the ISM manufacturing PMI to be released this week, which is a key measure of the health of the US manufacturing industry. Given the bleak Chicago PMI data, the ISM manufacturing PMI is also likely to be poor.
Financial blogger ZeroEdge pointed out that the Chicago PMI survey showed a sharp decline in sentiment, which is in line with the overall decline in “soft data” since Trump was elected. However, this is in stark contrast to the sharp rise in the confidence of small businesses and big business CEOs since Trump was elected, which is strange.
The US Chicago PMI unexpectedly fell sharply. The intraday rise in US Treasury bond prices continued to expand, and the intraday decline in US stocks widened for a while:
US 10-year Treasury yields fell 7.5 basis points, falling below 4.55% on the new day. The two-year US Treasury yield fell 6.6 basis points, falling below 4.26% on the new day.
