This one is interesting. It show what is happening in Chicago at the moment (manufacturing and non-manufacturing). Mark you calendar. Watch for the next release on 30 December 2022. Chances are it would 'follow the trend' and continue on its way DOWN. Looks like it may be worse than during Covid. It it does, then you should know what it means and what to. Good luck.
The PMI continues its drop into recessionary territory, and other things we already knew...
What is a good PMI index? A PMI index over 50 represents growth or expansion within the manufacturing sector of the economy compared with the prior month. A reading under 50 represents contraction, and a reading at 50 indicates an equal balance between manufacturers reporting advances and declines in their business. PMI can anticipate GDP behavior ...
Hope this explainer is helpful for any AltReports Newsletter readers who are not familiar with PMI. I'm not an economist and I'm not providing financial advice and I'm always ready to be wrong. And I'm sure you'll tell me in the comments if I am 😆!
Bitcoin connection to United States Chicago PMI - measuring performance of manufacturing and non-manufacturing sector in Chicago Chicago PMI is released one day before the ISM Manufacturing Index. Look how strong #BTC behaved in PMI uptrends and partly even in downtrends What to expect at next PMI uptrend ⁉️ Comments & Follow appreciated 💥😉💥
How Bitcoin is fulled by an economy in recovery (measured by the Chicago PM).