Research >> Economics
Chicago Purchasing Managers Index improved to 51.6
The Chicago Purchasing Managers reported the Chicago Business Barometer was up for a third month, lumbering along since September's 3 year low. The Business Barometer was guided higher almost exclusively by a sizable advance in New Orders. In spite of the rise in the Chicago Business Barometer, five of the seven business activity indexes declined in December, most significantly the Employment Index.
BUSINESS ACTIVITY:
• NEW ORDERS: Biggest advance in 19 months;
• EMPLOYMENT: Contracted to 3 year low;
• ORDER BACKLOGS: Fifth consecutive month in contraction.
BUYING POLICY:
• CAPITAL EQUIPMENT: Near the 28 month low.
Posted: December 28, 2012 Friday 09:45 AM