Chicago Purchasing Manager Index Increases Again in February 2011

February 28th, 2011
in econ_news

Econintersect: The Chicago Purchasing Manager's Index  grew in Febuary 2011 to its highest level since July 1988, indicating expansion for the seventeenth consecutive month.  Highlights of the report:

Follow up:

  • NEW ORDERS nudged upward, still at the highest level since December 1983;
  • ORDER BACKLOGS reached its highest point since July 1994;
  • EMPLOYMENT continued to show expansion;
  • Lead times reported for PRODUCTION MATERIEL, MRO SUPPLIES and CAPITAL EQUIPMENT all lengthened.

source: ISM Chicago


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