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Chicago Purchasing Managers Index Pulled Back Slightly
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER pulled back slightly from its upward trend, indicating expanding economic activity for the eighteenth consecutive month.
BUSINESS ACTIVITY:
PRICES PAID resumed its upward trend;
ORDER BACKLOGS reached its highest point since February 1974;
EMPLOYMENT grew to its second-highest level since February 1973.
BUYING POLICY:
Lead times reported for PRODUCTION MATERIEL and CAPITAL EQUIPMENT lengthened while MRO SUPPLIES remained static.
Posted: March 31, 2011 Thursday 10:00 AM