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Chiacgo PMI Spikes To 18-Month High - 7 Standard-Deviation Beat - As Employment Crashes?! 

By: micro1 in POPE IV | Recommend this post (1)
Thu, 30 Jun 16 9:55 PM | 70 view(s)
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Seriously!! Chicago PMI spiked to 56.8 in June (from 49.3) - higher than the highest estimate and seven standard deviations above expectations. This is the highest since Jan 2015. Simply put, the number is beyond any credibility, as despite higher orders and output, demand for labor fell as employment contracted at the fastest pace since November 2009.

http://www.zerohedge.com/news/2016-06-30/chiacgo-pmi-spikes-18-month-high-7-standard-deviation-beat-employment-crashes




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