Industry Headlines

Chicago PMI Index Moves Lower

March 31, 2010
/ Print / Reprints /
/ Text Size+

WASHINGTON -- Manufacturing activity in the Chicago region in March retreated from high levels reached in February, according to media reports of the purchasing managers index for the Chicago region recently released. The Chicago purchasing managers index fell to 58.8% from 62.6% in February. Economists had been anticipating a retreat but this was a bigger decline than expected. Forecasters surveyed by MarketWatch had expected the index to fall to 59.9%. Still, the report signals solid growth. Readings over 50% indicate overall business expansion. The Chicago index had surged over the winter as the U.S. manufacturing rebound gathered strength. The Chicago PMI is also considered a leading indicator to the national Institute for Supply Management manufacturers' survey for March to be released. Economists expect the March ISM manufacturing composite to increase to 57.0 from a February reading of 56.5.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.




 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine


2014 September

Check out the September 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Skills Gap

What is the key to solving the so-called skills gap in the quality industry?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.



facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png