Finally some disappointing US data

Posted Tuesday, May 31, 2016 by
Skerdian Meta • 1 min read

We have seen a streak of promising economic data releases from the US recently. The spending today was the most recent surprising release. But the Chicago manufacturing PMI missed today and fell below the 50 point level which means contraction. That´s not a surprise though because manufacturing has been weak for more than a year. Consumer confidence also missed so the sequence of positive data finally gets interrupted. 



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