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April 2013 Chicago Purchasing Managers Barometer Declines

April 30th, 2013
in econ_news, syndication

The market was expecting a value of 51.5 to 52.0 versus the reported value of 49.0. A number below 50 indicates contraction.

The Chicago Purchasing Managers reported April's Chicago Business Barometer fell 3.4 to 49.0, a 3-1/2 year low.  Except for a minor gain in New Orders, all Business Activity measures weakened in April with five of seven now in contraction.

Follow up:

 

BUSINESS ACTIVITY:

  • SUPPLIER DELIVERIES, PRICES PAID, and PRODUCTION: all lowest since 2009;
  • ORDER BACKLOGS: ten months of contraction in the past 12 months;
  • EMPLOYMENT: third month over month decline.

BUYING POLICY:

  • CAPITAL EQUIPMENT longest since August 2012;
  • MRO SUPPLIES shortest in five months.

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

 









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