July 2012: The Chicago Purchasing Managers reported the July Chicago Business Barometer gained incrementally while the short term trend of the Chicago Business Barometer fell for the fourth month. Gains in New Orders and Order Backlogs were offset by weakness in Production, Employment, and Supplier Deliveries.
The three month moving average on all Business Activity indexes fell in July.
BUSINESS ACTIVITY:
- EMPLOYMENT Index continued to grow at a slow pace;
- NEW ORDERS recovered mildly from June’s 33 month low;
- ORDER BACKLOGS moved from contraction to expansion.
BUYING POLICY:
- PRODUCTION MATERIAL and M.R.O. SUPPLIES lead times lengthened.
source and read the full report: Chicago PMI
