Chicago Purchasing Managers Barometer Has Big Gain in January 2013

January 31st, 2013
in econ_news, syndication

The market was expecting a value of 50.0 to 50.5 versus the reported value of 55.6. A number below 50 indicates contraction.

The Chicago Purchasing Managers reported the Chicago Business Barometer accelerated 5.6 to 55.6, its highest level since April 2012.  The Business Barometer advanced amid broad gains in Production, New Orders, and Employment.  Five of seven business barometer indexes gained, but inconsistent with the expansionary theme were declines in Supplier Deliveries and Prices Paid.

Follow up:



•    PRODUCTION, NEW ORDERS: surged to 10 month highs;
•    EMPLOYMENT:  best since June 2012;
•    ORDER BACKLOGS:  sixth consecutive month in contraction;
•    SUPPLIER DELIVERIES:  shortest lead times since July 2009.

•    PRODUCTION MATERIAL:  longest lead time since March 2012.

The Chicago ISM is important as it is a window into the national ISM reports which will be issued shortly. When you compare the graph below of the ISM Manufacturing Index against the Chicago PMI (graph above) -  there is a general correlation in trends, but not necessarily correlation in values.

source and read the full report: 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 - 2017 Econintersect LLC - all rights reserved