Chicago mfr'g joins others in contraction/Housing sales lift in June
Joining NY, KC, Richmond and Dallas in the contraction camp, still, the Dallas July manufacturing PMI fell to 45.3 from 47.4. It’s been above 50 once since August 2022. I don’t have the internal details. The estimate for tomorrow’s ISM manufacturing index is for it to remain below 50 at 48.8.
Chicago PMI
Pending home sales in June rose 4.8% m/o/m, better than the estimate of up 1.5%, though still down 7.8% y/o/y. All four regions saw increases vs May.
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