Chicago PMI Misses Mark, Lowest Level Since August
January 31, 2012
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Economic Update: Chicago Purchasing Managers Index
The Chicago Purchasing Managers Index (PMI) for January was reported at 60.2, which was below the consensus expectations for a reading of 62.3. This was the lowest reading since August.
Also note that the overall reading remains well above the 50 level, which indicates the expansion continues in the region.
Prior Readings:
- December: 62.2
- November: 62.6
- October: 58.4
- September: 60.4
- August: 56.5
- July: 58.8
- June: 61.1
- May: 56.6
- April: 67.6
- March: 70.6
- February: 71.2
- January 2011: 68.8
The Prices Paid component came in at 62.4 vs. 63.8 in December.
New Orders: 63.6 vs. 67.1 last month.
Employment: 54.7 vs. 59.2
The Chicago PMI is designed to indicate the health of the manufacturing sector in the region.
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