Research >> Economics
Chicago Purchasing Managers Index Still Anemic at 53.0
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER posted a small gain in August but remained steady for the last four months. Among the Business Activity measures, declines into contraction for both Order Backlogs and Supplier Deliveries offset minor gains in Production, New Orders, and Employment in August.
BUSINESS ACTIVITY:
• EMPLOYMENT recovered more than half of last month's slowing;
• PRICES PAID slight gain;
• ORDER BACKLOGS lowest since September 2009;
• SUPPLIER DELIVERIES lowest since July 2009.
BUYING POLICY:
• PRODUCTION MATERIAL and M.R.O. SUPPLIES lead times decreased.
Posted: August 31, 2012 Friday 10:00 AM