- September Chicago PMI: 64.7 vs. 65 consensus and 66.8 prior; all five main indicators indicated declines with employment being the only one rising.
- Order Backlogs pulled back sharply in September, dropping 20.5 points to a six-month low of 61.1 led by supply shortages that are still weighing on production.
- Supplier Deliveries narrowed 11.6 points to 81.2, the lowest since April, as firms reported worsening port congestion and ongoing problems with ocean, rail trucking, and even air cargo.
- New Orders softened through the month, falling 3.4 points to 64.4, the lowest since March.
- Production inched down marginally dropping 0.3 points to 60.7, but still the lowest reading since June.
- Employment was the only indicator that saw an increase through the month, rising 4.1 points to 52.4, the highest since April.
Thursday, September 30, 2021
Chicago PMI contracts from August levels, lowest since February
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