The Chicago Purchasing Managers' Index dropped from 51.5 in January to 44.5 in February, below the estimate of 49.5 and the lowest since December 2001.
Consumer spending rose 0.4% in January, while personal income slowed from 0.5% in December to 0.3%. The core PCE Price Index was up 0.3% in January and is 2.2% higher versus a year ago. More from Bloomberg...
