Chicago PMI rises to strongest in nearly 40 years; price gauge highest since 1980

Apr. 30, 2021 9:46 AM ETBy: Khyathi Dalal, SA News Editor67 Comments
  • April Chicago PMI: 72.1 vs. 65.3 consensus, 66.3 prior. That's the highest level since December 1983.
  • New Orders rose 9.9 points to a near-7-year high. Anecdotal evidence shows boosted business activity because firms are overbuying due to raw material shortages.
  • Order Backlogs rose 16.2 points to the highest level since December 1973.
  • Employment rose 1.7 points to the highest since August 2018 - it's the 2nd-consecutive read in expansion territory.
  • Factory-gate prices rose 11.1 point to a 41-year high - that would be 1980 and the days of double-digit inflation.

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