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Chicago PMI slows to 29-month low in April
marketwatch.com ^ | April 30, 2012 | Steve Goldstein

Posted on 04/30/2012 7:44:46 AM PDT by John W

WASHINGTON (MarketWatch) — A gauge of Chicago-area manufacturing slowed in April to the weakest growth rate in 29 months, according to a survey released Monday, data that may raise doubts about the health of a national index due for release in a day’s time.

ISM-Chicago reported the Chicago business barometer, which is popularly called the Chicago PMI, dropped to 56.2 in April from 62.2 in March.

Though still well over the 50% mark denoting expansion and contraction, economists polled by MarketWatch expected a 60.8% reading.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS:

1 posted on 04/30/2012 7:44:52 AM PDT by John W
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To: John W
So, they expected a 60.8, got a 56.2, yet they tout it as "still well over the 50% mark denoting expansion and contraction..."

Blech!

2 posted on 04/30/2012 7:48:39 AM PDT by bcsco
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To: John W

One has to wonder how many consumer and business purchasing decisions will be deferred until the Presidential election results are known.


3 posted on 04/30/2012 7:50:25 AM PDT by RoosterRedux
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To: John W

I wonder if the Index takes into account companies that are leaving the Chicago and Illinois area.


4 posted on 04/30/2012 8:07:37 AM PDT by ReformedBeckite (1 of 3 I'm only allowing my self each day)
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To: John W

WOW that new Mayor is doing such a great job of running Chicago in the ground - Go Chicago!!!


5 posted on 04/30/2012 9:36:27 AM PDT by conservativesister
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To: John W

WOW that new Mayor is doing such a great job of running Chicago in the ground - Go Chicago!!!


6 posted on 04/30/2012 9:37:05 AM PDT by conservativesister
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To: RoosterRedux
prolly the majority of them
7 posted on 04/30/2012 5:53:16 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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