Loading ...UMich Consumer Sentiment Tumbles Most In 16 Months
Submitted by Tyler Durden on 02/27/2015 – 10:07 
Despite modestly beating the flash print earlier in the month, it appears consumers are less enamored with how awesome everything is in America. Printing 95.4 against January’s 98.1 – this is the biggest MoM drop since Oct 2013. Both current conditions and future expectations dropped from January with fewer people expecting higher incomes, and a plunge in favorable business expectations over the last few months.
Chicago PMI Crashes Most Since Lehman To Lowest Since July 2009
Submitted by Tyler Durden on 02/27/2015 – 09:48 
January’s brief ‘hope’ bounce following 3 months of weakness is long forgotten as February’s Chinago PMI crashes to 45.9 (missing expectations of 57.5) – its lowest since July 2009. This is the biggest MoM drop since Lehman in Oct 2008. New Orders suffered the largest monthly decline on record, leaving them at the lowest since June 2009. Seems like it is time to blame the weather… PMI says it is “difficult to gauge magnitude of weather and port strike” but blames it nonetheless.