Research >> Economics
Chicago Purchasing Managers Index Stumbled
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER stumbled, marking an eleventh month of growth but indicating a decreasing breadth of expansion. Six of seven Business Activity indicators echoed the slowed expansion.
BUSINESS ACTIVITY:
EMPLOYMENT hiring continued, but at a slightly slower rate;
PRODUCTION fell to its lowest level since September 2009;
NEW ORDERS dropped.
BUYING POLICY:
Lead times for MRO SUPPLIES dropped nearly 50% from last month’s thirty-year high.
Posted: August 31, 2010 Tuesday 10:00 AM