The Chicago Purchasing Managers Index (Chicago PMI), also known as Chicago Business Barometer, went down to 47.8 from 49.0 in the prior month, the Institute for Supply Management-Chicago reported today. The data came well above market expectations which were 40.0
Consumer confidence in the US weakened with the Conference Board's Consumer Confidence Index falling to 120.0 in March from 132.6. Analysts’ has expected a reading of 115.0.
Despite the better-than-expected data, US indices are struggling to continue their upward movement from yesterday. As of writing, the Dow Jones Industrial Average was down 0.41% on the day while the S&P 500 dropped 0.52%.. Source: Macrobond, XTB research.
