‘Soft’ Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
Market News International’s Chicago Business Barometer smashed expectations this morning, print 57.7 – the highest since May 2022 – and above the highest analysts’ expectation.
This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)…
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Prices paid rose at a faster pace; signaling expansion
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New orders rose at a faster pace; signaling expansion
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Employment rose and the direction reversed; signaling expansion
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Inventories fell and the direction reversed; signaling contraction
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Supplier deliveries rose at a faster pace; signaling expansion
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Production rose at a faster pace; signaling expansion
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Order backlogs fell and the direction reversed; signaling contraction
This post-government-shutdown rebound in survey-based data has pushed ‘soft’ data to its highest since Jan 2024…
…and while ‘hard’ data has limped lower recently, its remains comfortably positive.
Tyler Durden Fri, 02/27/2026 – 10:05
Source: https://freedombunker.com/2026/02/27/soft-data-soars-to-2-year-highs-as-chicago-pmi-smashes-expectations/
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