Chicago Purchasing Managers Remain Near 7 month High in December 2011

December 29th, 2011
in econ_news

Econintersect: The December 2011 Chicago Purchasing Managers index (Chicago PMI) in  remained near last month's a seven month high and continued expansion for the 27th month. This survey is of interest to those who watch Purchasing Manager's data - as this survey is used as a expectations yardstick for the national ISM manufacturing release next week.

BUSINESS ACTIVITY:

  • PRICES PAID rebounded from November's 14-month low;
  • EMPLOYMENT erased November's deceleration;
  • ORDER BACKLOGS expanded to its highest level since April 2011;
  • PRODUCTION, NEW ORDERS edged off November's 7-and 8-month highs, respectively.

Follow up:


BUYING POLICY:

  • PRODUCTION MATERIAL, MRO SUPPLIES, CAPITAL EQUIPMENT all declined to multi-month lows.


This month's seasonally adjusted level of 62.5 (November level was 62.6) is in territory normally associated with economic expansion.

This is a survey - and Econintersect has warned that surveys are opinion, and often are not supported by hard data. Further they are usually incorrect at economic turning points.

 

[click on image to enlarge]

source: Chicago PMI

 















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