Chicago PMI Smashes Estimates, Prints At 57.6, Highest Since January 2015 Despite “Falling Labor Demand”

The surge in strong economic data continued moments ago when the Chicago PMI printed at a whopping 57.6, surging from last month’s 50.6, and print not only above the consensus estimate of 52.5, but also above the highest forecast provided by 32 economists. This was the highest print since January 2015. Four of the five Barometer components increased, with only Employment falling.

The increase added momentum to the fourth quarter, with the three-month trend ascending to 54.1 this month, up from 52.1 in the three months to October.

This post was published at Zero Hedge on Nov 30, 2016.