Chicago Purchasing Managers Index Disappoints in January 2012

January 31st, 2012
in econ_news

Econintersect: The January 2011 Chicago Purchasing Managers index (Chicago PMI) came in a little weaker than the past months but continued expansion for the 28th 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.


  • EMPLOYMENT lowest since August 2011;
  • ORDER BACKLOGS now in contraction - worst levels since November 2008;
  • SUPPLIER DELIVERIES highest since June 2011.

Follow up:


  • PRODUCTION MATERIAL lead time at a multi-decade high

This month's seasonally adjusted level of 60.2 (December level was 62.5) is in territory normally associated with economic expansion.  The market was disappointed with this result as it was expecting 61.0 to 62.8.

This is a survey, and not hard data.  



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.



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


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site 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