Research >> Economics
Chicago Purchasing Managers Index Expansion Continues
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER accelerated for the fifth consecutive month, a trend not seen since 2002. The three-month moving average of each index was positive, indicating breadth of the advance.
BUSINESS ACTIVITY:
PRICES PAID accelerated;
ORDER BACKLOGS marked a third month of expansion;
INVENTORIES continued contraction, while SUPPLIER DELIVERIES slowed;
EMPLOYMENT’s rate of acceleration was tempered.
BUYING POLICY: All indicators’ three-month moving average trended positively.
Posted: February 26, 2010 Friday 10:00 AM