The Chicago Purchasing Managers reported the April Chicago Business Barometer decreased for a second consecutive month. After five months above 60, the Barometer fell to 56.2, a 29 month low. The index has remained in expansion since October 2009.
Production reported the lowest level since September 2009 while Supplier Deliveries are at the lowest since September 2011.New Order Index fell from 66.0 to 53.5 in April. New orders will be an important index as that will determine future production, lead times and deliveries.
For the full report, see it here….ISM-Chicago April2012