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Economic Report: Chicago PMI falls to lowest level in a year in March

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Workers build cars on the assembly line at Ford’s Chicago Assembly plant

The numbers: Chicago PMI fell in March to a reading of 57.4, a one-year low, from 61.9 in February.

The global #economy loses steam: Chicago #PMI slows markedly to 57.4, the lowest reading since March 2017 #Economy#Manufacturing#smallbizpic.twitter.com/eu6kVFyfI5

— Marc Brütsch (@MarcBruetsch) March 29, 2018

What happened: Any reading over 50 indicates improving conditions so the data aren’t a disaster. Employment expanded in March but orders and production have slowed.

The big picture: U.S. manufacturing had a great year in 2017 but the jury is still out about 2018.

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