Chicago PMI Drops to Lowest Level Since 2003
The Chicago purchasing managers index
(Chicago PMI)
fell to 49.9% in November from 53.5% in October. This is the lowest
level since April 2003. Readings below 50 indicate contraction in the
region. The index is a precursor of the nationwide purchasing managers
report to be issued Friday by the Institute for Supply Management.
- The employment index dropped to 49.4% from 57.0%.
- The prices paid index fell to 60.2% from 62.5% in October.
- The new orders index fell to 52.0% from 54.1%.
- Inventories fell to 57.7% from 67.2% in the previous month.
- The deliveries-diffusion index fell to 43.0% from 54.1%.
