Wednesday, October 31, 2012

Chicago PMI Remained Below 50

According to this morning's release of October Chicago PMI, the index edged up 0.2, but remained below 50.0 and missed the Street's expectation of 51.0.  This appears to support the possible disappointment in tomorrow's ISM manufacturing report that we are expecting (discussed on 10/29).  In terms of other important economic data coming out this week, the BLS recently confirmed that it will release the Oct. employment report as scheduled, on Friday 11/2.

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