Details of the August Chicago PMI:
- Prior was 54.7
- 3-month rolling avg 52.8
- 3 components rose
- Production and new orders eased off
- Inventories rose to the highest since Nov 2014
- Employment improved but remained in contraction
- Prices paid at lowest since April
This was leaked out a couple minutes early. Earlier rumors of a soft reading were unfounded and this bodes well for tomorrow's ISM report.
