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Thursday, May 31, 2012

Chicago business index at lowest level since 2009

http://www.marketwatch.com/story/chicago-business-index-at-lowest-level-since-2009-2012-05-31?link=MW_latest_news

An index that meaures business conditions in the Chicago region fell in May to the lowest level since September 2009. The Chicago Business Barometer dropped 3.5 points to a seasonally adjusted 52.7 in May from 56.2 in April, according to the Chicago Purchasing Managers. While any number above 50 signifies that businesses are still expanding, the Chicago PMI has fallen three straight months. The production index fell 7.1 points, following a 11.5 drop in April. New orders declined 4.5 points to 52.9. The compilers of the report noted that three consecutive declines in the monthly PMI or the three-month rolling average have occurred before each of the last seven recessions, with a lead time of about six to eight months. The rolling average has only fallen two straight months, however

3 comments:

  1. The Chicago, illinois Business Measure decreased 3.5 factors to a seasonally altered 52.7 in May from 56.2 in Apr, according to the Chicago, illinois Buying Professionals.

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    Replies
    1. It is really bad that the Chicago illnois business is decrease. It really hearts the professional buyers of property.

      Mandrien

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  2. Anonymous10:41 AM

    The Chicago illnois business Reduction is very bad for the business. An index business terms in the Chicago specifies fell in the week stage.

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