Chicago Purchasing Managers Back to Growth in November
November 30, 2012 by Jon C. OggFriday’s reading from the Chicago Purchasing Managers managed to get back above the breakeven line into positive territory. The adjusted index rose to 50.4 in November, versus 49.9 in October. Bloomberg was calling for a reading of 50.3.
The breakdown is one which might not sound too positive because the New Orders Index went to 45.3 in November, versus 50.6 in October. The big gains were seen in the other readings of employment, deliveries and prices paid.
- The biggest gain was in the Prices Paid Index, rising to 70.1 in November versus 59.3 in October.
- The employment reading jumped to 55.2 versus 50.3 in October.
- Supplier Deliveries rose to 57.3 in November versus 50.4 in October.
Another issue to consider here is that this is just one regional purchasing managers index. Still, the Midwest reading is often used as a barometer or prelude to the larger national ISM readings. This survey from Chicago covers manufacturing and non-manufacturing firms, so it is generally considered to not be directly comparable to pure manufacturing surveys.
JON C. OGG
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.