You may have been too busy enjoying your stock market gains to notice (and that’s understandable), but September was an absolutely atrocious month for US economic data, almost every single report was a dud save for some housing-related stuff.
This morning, the September Chicago Purchasing Manager’s Index (PMI), a measure of business activity, went negative (below a 50 reading, which indicates contraction) for the first time since 2009. But unlike the rest of the parade of ass-tastic econ data points, this one the market is paying attention to – after having blown off the last few, the Dow is off 100 points as of this posting.
Here’s a chart of Chicago PMI overlaid with GDP growth from Scotty Barber at Reuters for some perspective:

Not good, gang.
… [Trackback]
[…] There you can find 70685 additional Information on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Info on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Read More Info here to that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Find More Info here on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Here you can find 72106 more Info to that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] There you can find 77381 additional Information to that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Here you can find 13120 additional Info on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] There you can find 13640 additional Info on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Find More here to that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]
… [Trackback]
[…] Read More here on that Topic: thereformedbroker.com/2012/09/28/chicago-pmi-worse-than-the-cubs/ […]