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Chicago Purchasing Managers Index Soared
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER achieved its highest level since July 1988, expanding for the fifteenth consecutive month.
BUSINESS ACTIVITY:
PRODUCTION reached its highest levels since October 2004;
NEW ORDERS improved to 2005 levels;
EMPLOYMENT reached its highest level in more than 5 years;
PRICES PAID accelerated to its highest point since July 2008.
BUYING POLICY:
Lead times extended for MRO SUPPLIES and CAPITAL EQUIPMENT, while lead times for PRODUCTION MATERIEL plummeted to near August’s level.
Posted: December 30, 2010 Thursday 10:00 AM