Aug Chicago PMI 54.4 vs 54.5 expected

Details of the August Chicago PMI:
– was 54.7
– 3-month rolling avg 52.8
– 3 components rose
– Production and new orders eased off
– Inventories rose to the highest since Nov 2014
This was leaked out a couple minutes early. Earlier rumors of a soft reading were unfounded and this bodes well for tomorrow’s ISM report.

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