Chicago Purchasing Manager's Index Less Good in March 2011

March 31st, 2011
in econ_news

Econintersect:  The Chicago Institute for Supply Management (aka Purchasing Managers) reported improving conditions for March 2011, just slightly less good then February.  Still, this index is showing expanding economic activity for the eighteenth consecutive month.

Follow up:

Highlights from the report:

  • PRICES PAID resumed its upward trend;
  • ORDER BACKLOGS reached its highest point since February 1974;
  • EMPLOYMENT grew to its second-highest level since February 1973.
  • Lead times reported for PRODUCTION MATERIEL and CAPITAL EQUIPMENT lengthened while MRO SUPPLIES remained static.

Econintersect warns that hard data does not support the survey's conclusion that there has been 18 continuous months of expansion - however, overall economic trend lines have been positive when reviewing the last 18 month period.

In a separate release (forecast here), Econintersect has forecast flat economic growth for April 2011.



source: Chicago ISM









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved