ECONODAY: The Chicago PMI for February plunged 13.6 points to a sub-50 level of 45.8, the lowest level since July 2009. The report attributes the plunge to bad weather and effects tied to the West Coast port slowdown. New orders, production and employment all posted double-digit declines. Supplier deliveries slowed which is often a sign of economic strength but in this case reflects delays tied, again, to the weather and port slowdown...
