Research >> Economics
Chicago Purchasing Managers Index Tempered
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER slackened but remained strong, indicating expanding economic activity for the nineteenth consecutive month. In response to special questions about the Japanese disaster, panelists reported minimal impact.
NEW ORDERS and ORDER BACKLOGS eased following historic highs early in the year;
PRODUCTION and INVENTORIES declined;
Breadth of EMPLOYMENT expansion relaxed from a 27-year high.
Lead times reported for PRODUCTION MATERIEL and CAPITAL EQUIPMENT decreased while lead times for MRO SUPPLIES remained firm.
Posted: April 29, 2011 Friday 10:00 AM