Chicago PMI

The Chicago PMI plunges to 37.8 from 56.7

• Prices Paid 53.7 vs 80.7
• New Orders: 32.5 vs 53.9
• Employment: 41.5 vs 49.1 
• Inventories: 56.5 v 37.7
• Supplier Deliveries: 47.5 v 55.0
• Production: 30.9 v 71.4
• Order Backlogs: 39.0 v 54.9

The Chicago PMI comes in at 57.9  Prices paid lower at 80.6.  New Orders as expected.  Employment down.

This is slightly better than expected.

                                 April March
                                 2008  2008
===============================
Chicago PMI                48.3  48.2
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Prices paid                   82.9  83.9
Production                   53.0  50.4
New orders                  53.0  53.9
Order backlogs            39.5  40.0
Inventories                  51.9  42.0
Employment                 35.3  44.6
Supplier deliveries        52.5  54.9

                                  March  Feb.
                                  2008  2008
=======================
Business barometer   48.2  44.5
-------------------------------------
Prices paid                 83.9  79.4
Production                50.4  46.5
New orders             53.9  48.8
Order backlogs          36.8  38.3
Inventories               42.0  46.0
Employment              44.6  33.5
Supplier deliveries      54.9  39.6

This is congruent with the other PMI surprises from other regions (Empire State, Philadelphia).   All the pieces are bad in Chicago.

                              Feb    Jan

• Prices Paid. 81.7 verseus 63.8 prior
• New Orders 44.7 versus 58.4
• Employment 47.0 versue 49.0
• Inventories 51.1 versus 44. last
• Production 51.3 versus 55.4
• Order Backlog 48 versus 60.7

Came in at 52.9 Stronger than expected. 

Prices Paid 76.2 vs 74.7

New Orders 53.9 vs 53.9

Employment 54.4 versus 49.5

Index 49.7 vs 53.0, Prices paid was 74.7 versus 59, Employment 49.5 versus 52. New Order 53.9 versus 56.2.  Inventories 49.6 versus 38.2.  Supplier Deliveries  52.7 versus 50.6.  Production 46.9 versus 58.3.  Order Backlog 39.9 versus 50.5.

The lowest since Feb 2007

Comes in at 49.7 versus expectations of 53.  This is weaker than expected