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Chicago Purchasing Managers Index fell to 49.7
The Chicago Purchasing Managers reported the Chicago Business Barometer fell to 49.7, its lowest level in three years. Among the Business Activity measures, five of seven posted declines as New Orders fell below 50 and Order Backlogs contracted for the fourth of the past five months. Prices Paid showed the biggest gain in nearly two years and Supplier Deliveries moved back above 50.
BUSINESS ACTIVITY:
• EMPLOYMENT: 2 1/2 year low;
• NEW ORDERS, ORDER BACKLOGS, and SUPPLIER DELIVERIES: 3 month MA lowest since mid 2009;
• PRICES PAID: third consecutive monthly gain;
BUYING POLICY:
• CAPITAL EQUIPMENT: 17 month low.
Posted: September 28, 2012 Friday 10:00 AM