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

 









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