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 days 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 ...
Blech!
One has to wonder how many consumer and business purchasing decisions will be deferred until the Presidential election results are known.
I wonder if the Index takes into account companies that are leaving the Chicago and Illinois area.
WOW that new Mayor is doing such a great job of running Chicago in the ground - Go Chicago!!!
WOW that new Mayor is doing such a great job of running Chicago in the ground - Go Chicago!!!
prolly the majority of them
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