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Chicago Purchasing Managers Index Grew Further
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER grew again to its highest level since July 1988, indicating expansion for the seventeenth consecutive month.
BUSINESS ACTIVITY:
NEW ORDERS nudged upward, still at the highest level since December 1983;
ORDER BACKLOGS reached its highest point since July 1994;
EMPLOYMENT continued to show expansion;
BUYING POLICY:
Lead times reported for PRODUCTION MATERIEL, MRO SUPPLIES and CAPITAL EQUIPMENT all lengthened.
Posted: February 28, 2011 Monday 10:00 AM