CHICAGO (Dow Jones) – The business activity in manufacturing in the Chicago area has developed significantly better than expected in December. As the association of purchasing managers in Chicago, announced on Wednesday, increased the seasonally adjusted index of business brought by him to 60.0 points. (Photo: ddp)
Economists surveyed by Dow Jones Newswires had forecast but fell to 55.5 from 56.1 the previous month. Values above 50 points indicate an expansion, the numbers below to a contraction in manufacturing in the region.
As the association further informed, was the index for new orders at 63.5 (62.8). For the employment index, a value was reported by 51.2 (41.9). The index for prices paid rose to 54.9 (52.6), whereas the index decreased the delivery dates to 56.2 (57.4) points.
The purchasing managers ‘index for the Chicago area will be monitored by observers with particular attention, since it allows conclusions about the national purchasing managers’ index of the Institute for Supply Management (ISM). However, the Chicago area is characterized mainly by the U.S. auto industry, why can observe a correlation is not always consistently.
Tags: purchasing managers index, auto industry, delivery dates, u s auto, institute for supply management
