Research >> Economics
Chicago Purchasing Managers Index Stabilized 58.4
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER stabilized in October. The Business Barometer marked a 25th month of expansion, yet the 3 month moving average for the barometer fell for the 7th consecutive month. Monthly changes in the individual Business Activity components were generally modest with all but one component converging towards their 3 month moving averages.
BUSINESS ACTIVITY:
EMPLOYMENT highest in 6-months;
NEW ORDERS erased half of September's gain;
ORDER BACKLOGS recovered from a 2 month contraction.
BUYING POLICY:
MRO SUPPLIES dropped a noteworthy 3 days;
PRODUCTION MATERIAL eased off September's 10 month high.
Posted: October 31, 2011 Monday 10:00 AM