Research >> Economics
Chicago Purchasing Managers Index Expansion Continues
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER signaled economic expansion for the third consecutive month:
BUSINESS ACTIVITY:
PRODUCTION, NEW ORDERS, and ORDER BACKLOGS expanded;
EMPLOYMENT improved;
PRICES PAID strengthened;
BUYING POLICY: Lead-times increased.
The CHICAGO BUSINESS BAROMETER showed expansion for the third consecutive
month, extending a generally improving leading economic indicator since March 2009. EMPLOYMENT marked its third month of improvement, trailing by a single month the improving trend in NEW ORDERS and ORDER BACKLOGS. ORDER BACKLOGS marked the first month of expansion in over a year. PRICES PAID expanded for four out of the past five months, while a modest slowing in the rate of expansion of SUPPLIER DELIVERIES reinforced an overall positive report.
Posted: December 30, 2009 Wednesday 10:00 AM