Chicago PMI dropped below 50 in February
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 02 Apr 2003 22:10
Chicago’s purchasing managers index (PMI) dropped below 50 in February, a point at which the region’s manufacturing sector went from expansion to contraction, according to the National Association of Purchasing Management’s latest report.
The index slipped to 48.4 from 54.9 in January. Economists expected only a drop to 50.7, according to a Reuters poll. It seems as if the economy contracted in February and March, said David Rosenberg, chief North American economist at Merrill Lynch.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...