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What is the latest U.S. economic news?

Asked 1 hour ago

Answer

The latest U.S. economic news highlights the Chicago PMI for August dropping to 41.5, marking the 21st consecutive month of contraction in the region's manufacturing sector. This figure is below expectations and only slightly above June's recent low, signaling ongoing weakness.

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Chicago PMI surprises to downside

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  • Chicago PMI for August came in at 41.5, below expectations. 11s
  • This marks the 21st consecutive month the index has been below 50. 17s
  • The last time the index was at or above 50 was December 2023. 23s
  • The reading is only slightly above June's low of 40.4. 27s
  • Investors are awaiting further economic data, including sentiment and inflation reports. 39s
Economy

References

Chicago PMI surprises to downside
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CNBC
4 hours ago
Chicago PMI surprises to downside

The Chicago PMI for August comes in at 41.5, much worse than expected and below the expansion threshold of 50.

Chicago PMI surprises to downside
Icon
CNBC
4 hours ago
Chicago PMI surprises to downside

This marks the 21st consecutive month the index has stayed under 50, with the last expansionary reading in December 2023.

Chicago PMI surprises to downside
Icon
CNBC
4 hours ago
Chicago PMI surprises to downside

The 41.5 reading is only slightly above June's low of 40.4, indicating persistent weakness in Chicago's manufacturing sector.

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