Research >> Economics
Chicago Purchasing Managers Index Dropped
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER dropped toward neutral, indicating decelerating expanding economic activity, but posted a twentieth month of growth.
BUSINESS ACTIVITY:
NEW ORDERS and PRODUCTION posted their largest declines in several years, but remained positive;
INVENTORIES accelerated buildup;
Breadth of EMPLOYMENT expansion softened but remained strong.
BUYING POLICY:
Lead times reported for PRODUCTION MATERIEL and CAPITAL EQUIPMENT countered decreases in April while lead times for MRO SUPPLIES remained steady.
Posted: May 31, 2011 Tuesday 10:00 AM