Wednesday, September 30, 2009

Chicago Purchasing Managers Index Declimes

More signs of a double dip.

The Chicago purchasing managers index is the first of three to be announced. It fell to 46.1% in September from 50.0% in August, according to the NAPM-Chicago. Readings below 50% indicate contraction.

The national ISM manufacturing index will be released tomorrow, and the national ISM non-manufacturing index on Monday.

This Chicago index is for both manufacturing and service activity and generally tracks the national index.

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