The Dallas Fed regional index slipped further into the red during May falling 5.9 points to -20.8 on weakness in production, new orders and employment. The Chicago PMI or Purchasing Managers Index also fell in May, down 1.1 points to 49.3 a significant miss to expectations as the index registers contraction. So apparently the industrial economy struggles, business spending slips further while the consumer side and real estate both surge higher.
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