Chicago PMI, which captures business conditions across Illinois, Indiana and Michigan, beat expectations. Predict to decline from 55.6 to 54.3, the figure actually jumped up to 56.8. A number over 50 implies an improvement. The employment index component was down from 58.0 to 55.7.
Societe Generale's Kit Juckes:
More strongish US data. US, like Germany, increasingly just showing off eco-superiority now.— kit juckes (@kitjuckes) February 28, 2013