More on Chicago PMI: The big drop is led by a sharp fall in New Orders (to 53 from 60.2), and...

|By:, SA News Editor

More on Chicago PMI: The big drop is led by a sharp fall in New Orders (to 53 from 60.2), and Production (51.8 from 60.2). Backlogs disappear as well, declining to 45 from 50.9. Prices, of course, held up at 61 from 61.8. "Lots of noise of large orders coming, but still waiting to see them," reads one comment. (full report)