CHICAGO (Dow Jones) – The Association of Purchasing Managers in Chicago on Friday reported a decline in the index of business activity in April to a seasonally adjusted 67.6. (Photo: DAPD)
Dow Jones Newswires had forecast Economists surveyed ahead a level of 68.0. In March, the figure was 70.6. Readings above 50 indicate an expansion points, numbers, including a contraction in manufacturing in the region.
It was almost recorded a decline in all indices, such as the VCD on. Thus, the index was for production to 70.0 (previous month: 74.2), the index for new orders was reported as 66.3 (74.5). For the employment index, a value of 63.7 (65.6) was reported. The index for prices paid fell to 81.8, according to the information (83.4).
The purchasing managers ‘index for the Chicago area is of observers pay special attention because he conclusions about the national purchasing managers’ index of the Institute for Supply Management (ISM) allows. However, the Chicago area is mainly on the U.S. auto industry dominated and this allows a correlation not always observed throughout.