Chicago PMI Moves Back Above 50, But New Orders PlungeNovember 30, 2012 @ 9:52 AM EST
Economic Update: Chicago Purchasing Managers Index
The Chicago Purchasing Managers Index (PMI) for November rose to a reading of 50.4, which was below the consensus expectations for a reading of 50.5.
- October: 49.9
- September: 49.7
- August: 53.0
- July: 53.7
- June: 52.9
- May: 52.7
- April: 56.2
- March: 62.2
- February: 64.0
- January 2012: 60.2
- December: 62.2
- November: 62.6
- October: 58.4
However, the alarming part of the report came in the New Orders component.
The New Orders component was reported at 45.3 vs. 50.6 last month (prior: 47.4) – this was the lowest level for New Orders since June 2009
The Prices Paid component: 70.1 vs. 59.3 last month (prior: 59.3)
The Chicago PMI is designed to indicate the health of the manufacturing sector in the region. Readings above 50.0 indicate expansion while readings below 50 indicate contraction.
Looking for the details and trend of the current economic data? Check out our all-new State of the Economy report . The report also includes a rating of the most recent trends, sorted by economic category. It’s a quick-read, executive summary of all the vital economic stats. Sign Up to receive an email alert when State of the Economy reports are published
Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.