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Chicago’s manufacturing PMI slumped to 47.1 in August, slipping into contraction 📉.
The index fell 10.5 points, the steepest since 2020. New orders dropped 15.4 points; production slipped 8.8. Backlogs sank 12.1 points to a Nov 2025 low. Prices rose 3.8 points, highest since Feb 2022, signaling stagflation.
Manufacturing may face a deeper downturn soon 📈.
$PROM, $NIL, $4
Chicago’s manufacturing PMI slumped to 47.1 in August, slipping into contraction 📉.
The index fell 10.5 points, the steepest since 2020. New orders dropped 15.4 points; production slipped 8.8. Backlogs sank 12.1 points to a Nov 2025 low. Prices rose 3.8 points, highest since Feb 2022, signaling stagflation.
Manufacturing may face a deeper downturn soon 📈.
$PROM, $NIL, $4
