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Chicago Purchasing Managers Index Stabilized rose to 64
The Chicago Purchasing Managers reported the February CHICAGO BUSINESS BAROMETER rose to its highest level in ten months. The barometer also marked a 29th month of expansion and its fourth consecutive month above 60. Increases were seen in six of eight Business Activity Indexes, highlighted by a very large advance in Employment.
BUSINESS ACTIVITY:
EMPLOYMENT highest since May 1984;
ORDER BACKLOGS moved back into expansion;
INVENTORIES dipped;
NEW ORDERS highest level since March 2011:
BUYING POLICY:
PRODUCTION MATERIAL lead time edged off 10+ year highs.
Posted: February 29, 2012 Wednesday 10:00 AM