Research >> Economics
Chicago Purchasing Managers Index Slowed to 62.2
The Chicago Purchasing Managers reported the March Chicago Business Barometer paused after February's ten month high. While slowing, the Chicago Business Barometer marked its fifth month above 60, a 2-1/2 year period of expansion and trend data improved. Increases were seen in five of eight Business Activity Indexes, highlighted by significant advances in Prices Paid and Inventories, and a notable lengthening in lead times for Production Material.
BUSINESS ACTIVITY:
PRICES PAID highest level since August 2011;
INVENTORIES largest gain since December 2010;
NEW ORDERS retraced February's large gains;
EMPLOYMENT expansion slowed;
BUYING POLICY:
PRODUCTION MATERIAL lead time lengthen to 10+ year highs.
Posted: March 30, 2012 Friday 10:00 AM