Chicago mfr'g joins others in contraction/Housing sales lift in June

Jul 31, 2024

∙ Paid

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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