Peter Schiff
@PeterSchiff
Chief Economist & Global Strategist Chairman Founder Host Best-selling Author
Joined July 2009
316 Following 1.7M Followers
The Chicago PMI unexpectedly collapsed to 47.1 in August from 57.6 in July. Analysts had expected a rise to 59. This is the lowest reading since December 2025, but more significantly the biggest downside surprise since February 2015. The economy is far weaker than most believe.
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