MNI's Chicago PMI survey plunged back near COVID lockdown lows in December, falling to a very contraction-y 36.9 (below the lowest analyst estimate of 40)...

This tumble in survey sentiment fits with the overall slump in 'soft' data since Trump was elected...

...which is odd given the small business and CEO - large business - confidence has exploded higher since his election)...

Does make one wonder just who the local Fed surveys are asking?

...partisan surveys now?
{ai:summary}<p>MNI's Chicago PMI survey dropped to 36.9 in December, nearing COVID lockdown lows, with all indicators showing contraction. New orders and production fell, while prices paid and supplier deliveries indicated mixed signals. This decline raises questions about the reliability of local Fed surveys. </p><p>#economy</p>

Chicago PMI Plummets Near COVID Lows As Small Biz/CEO Confidence Soars

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