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ECON: Chicago PMI Roughly As Expected. Weakness In New Orders
Posted to: Micro News
Friday, November 30, 2012 9:55 AM
- PMI 50.4 vs 50.5 consensus, 49.9 previous
- New Orders 45.3 vs 50.6 previous
- Prices Paid 70.1 vs 50.6 previous, highest since March
- New orders lowest since June 2009
- Employment Index 55.2 vs 50.3 previous
The Chicago Purchasing Managers reported November's Chicago Business Barometer improved to 50.4. After two consecutive months in contraction, the Business Barometer was led higher by advances in Production, Employment, and Supplier Deliveries while New Orders subtracted from economic activity.
- PRICES PAID: 16 month high; EMPLOYMENT continues on pace with PRODUCTION;
- NEW ORDERS: lowest since June 2009;
- INVENTORIES: lowest since February 2010.
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