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Chicago Purchasing Managers Index sprung 9.7 to 58.7
The Chicago Purchasing Managers reported April's Chicago Business Barometer sprung 9.7 to 58.7, the highest since March 2012 and in sharp contrast to April's 3-1/2 year low. All Business Activity measures surged in May, reversing weakness seen in most categories in March and April.
BUSINESS ACTIVITY:
ORDER BACKLOGS, SUPPLIER DELIVERIES, and EMPLOYMENT: all snapped out of contraction;
PRODUCTION: vaulted out of contraction to strongest since March 2012;
INVENTORIES: lowest in 3-1/2 years.
BUYING POLICY:
CAPITAL EQUIPMENT and PRODUCTION MATERIAL: lead times shortened.
Posted: May 31, 2013 Friday 09:45 AM