One more on Chicago PMI: With increases in January and now February, it marks the first...
One more on Chicago PMI: With increases in January and now February, it marks the first consecutive gains for the index in 2 years. At 60.2, New Orders - maybe the most leading component of the PMI - rises to an 11-month high of 60.2. "Orders were down for January ... by the end of (the month) we became inundated with new orders ... We will also be hiring new welders to assist with capacity," says one respondent. (full report)
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