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Chicago Purchasing Managers Index Stabilized
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER stabilized at the average of the May and June readings. The report was characterized by substantial declines in EMPLOYMENT and SUPPLIER DELIVERIES. Still, the Business Barometer posted its 22nd month of expansion.
BUSINESS ACTIVITY:
EMPLOYMENT approached neutral;
SUPPLIER DELIVERIES declined dramatically;
ORDER BACKLOGS reversed the prior 3-month consecutive decline that brought the index into contraction.
BUYING POLICY:
Lead times for both PRODUCTION MATERIEL and CAPITAL EQUIPMENT declined;
Lead times for MRO SUPPLIES rose for the second month.
Posted: July 29, 2011 Friday 10:00 AM