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Tuesday, August 31, 2021

Chicago PMI 66.8; price gauge hits highest since 1979

  • Aug. Chicago PMI:  66.8 vs. 69.8 consensus and 73.4 prior.
  • While still a strong print, it's the weakest level in four months. "New Orders languished markedly," write Lee Commons and Irene Prihoda from MNI, and Order Backlogs tumbled 14.1 points.
  • Prices Paid, meanwhile, rose to the highest level since December 1979.

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