Research >> Economics
Chicago Purchasing Managers Index Slipped
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER slipped to a 21-month low in August. The Report was characterized by sizable declines in PRODUCTION and ORDER BACKLOGS. Still, the Business Barometer posted its 23rd month of expansion.
BUSINESS ACTIVITY:
PRODUCTION posted the second large decline of the year;
ORDER BACKLOGS fell below neutral for the second time this year;
PRICES PAID declined modestly for the 5th time in the last 8 months.
BUYING POLICY:
MRO SUPPLIES lead times shortened, erasing the past 2 months increases.
Posted: August 31, 2011 Wednesday 10:00 AM