Chicago PMI Suffers Biggest Miss In 5 Years As 'V' Hope Fades Tyler Durden Tue, 06/30/2020 - 09:53 After what seems like weeks of "v"-shaped bounces in sentiment surveys as the euphoria of not being locked up reflects on hope for the future, Chicago's PMI barometer gravely disappointed in June. Against expectations of a "v"-like bounce to 45.0, Chicago PMI managed only 36.6 - barely above April's level... Source: Bloomberg This is the biggest miss of expectations since Feb 2015. Prices paid rose at a faster pace; signaling expansion New orders fell at a slower pace; signaling contraction Employment fell at a faster pace; signaling contraction Inventories fell and the direction reversed; signaling contraction Supplier deliveries rose at a slower pace; signaling expansion Production fell at a slower pace; signaling contraction Order backlogs fell at a slower pace; signaling contraction Somebody do something!