US DATA: April MNI Chicago Report 56.2 (a 29 mo low) vs 62.2 March. The
drop reflected declines in production (-11.5) and new orders (-5.9).
Employment +2.4 pts to 58.7. Overall index followed 5 mos above the 60
mark, so still marks expansion. Text said storm clouds could be building
but comments indicated better orders. More in the story on the MNI Main
wire.
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