Economy
Chicago PMI Holds Steady in February
Written by Sandy Williams
March 1, 2014
The Chicago Business Barometer indicated firm growth in February while remaining essentially unchanged at 59.8 in February compared to 59.6 in January, according to MNI Indicators. Production, new orders, and backlogs expanded at a slower rate offsetting double digit growth in employment.
Prices paid dropped in February following price increases by suppliers in January. Inventories of finished goods increased slightly as companies replenished stocks.
The entire report from MNI Indicators may be accessed here.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.
ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.
Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.