Much lower than expectations

  • new orders 35.51 vs. 47.52
  • production 35.29 vs. 32.83
  • employment 41.88 vs. 47.04
  • supplier deliveries 53.28 vs. 57.37
  • inventories 31.25 vs. 53.57
  • prices 21.88 vs. 28.57
  • Exports 40.91 vs. 36.36
  • imports 54.55 vs. 45.45

CHicago PMI up next at 9:45 AM ET with estimates at 53.0 vs 54.4 last month