Research >> Economics
Chicago Purchasing Managers Index falling 3.4 to 49.0
The Chicago Purchasing Managers reported April's Chicago Business Barometer fell 3.4 to 49.0, a 3-1/2 year low. Except for a minor gain in New Orders, all Business Activity measures weakened in April with five of seven now in contraction.
BUSINESS ACTIVITY:
SUPPLIER DELIVERIES, PRICES PAID, and PRODUCTION: all lowest since 2009;
ORDER BACKLOGS: ten months of contraction in the past 12 months;
EMPLOYMENT: third month over month decline.
BUYING POLICY:
CAPITAL EQUIPMENT longest since August 2012;
MRO SUPPLIES shortest in five months.
Posted: April 30, 2013 Tuesday 09:45 AM