Highlights of the October Chicago manufacturing PMI:
- Highest since Oct 2013
- Prior was 60.5
- Prices paid 60.2
- New orders 73.6 (from 60.0)
- Employment 60.2 (from 56.2)
From the release:
September’s slowing proved temporary and the tone of the Oct report was strong, with the three key ordering components partially or totally reversing September’s weakness. Production and Order Backlogs were back to Aug’s levels. Due to strong ordering, Employment rose to the highest since Nov-13.
The number is distributed to subscribers 3 minutes early. This is a dangerous report to trade for retail because the market move came entirely on the subscriber release.
