Research >> Economics
Chicago Purchasing Managers Index accelerated 5.6 to 55.6
The Chicago Purchasing Managers reported the Chicago Business Barometer accelerated 5.6 to 55.6, its highest level since April 2012. The Business Barometer advanced amid broad gains in Production, New Orders, and Employment. Five of seven business barometer indexes gained, but inconsistent with the expansionary theme were declines in Supplier Deliveries and Prices Paid.
BUSINESS ACTIVITY:
• PRODUCTION, NEW ORDERS: surged to 10 month highs;
• EMPLOYMENT: best since June 2012;
• ORDER BACKLOGS: sixth consecutive month in contraction;
• SUPPLIER DELIVERIES: shortest lead times since July 2009.
BUYING POLICY:
• PRODUCTION MATERIAL: longest lead time since March 2012.
Posted: January 31, 2013 Thursday 09:45 AM