March Chicago PMI
Summary: Chicago PMI a mixed bag still favoring recession.
Chicago PMI Mar 48.2 vs prior 44.5 Full Report
Inside the number: New orders rose 53.9 vs 48.8, production 50.4 vs 46.5; moved to neutral,
Order backlogs plunged 36.8 vs 40.9; 5 out of 6 months in contraction; lowest since Nov 2001.
Prices paid increase 83.9 vs 79.4; becoming more pervasive; employment rate decline slowed 44.6 vs 33.5; 4th month below neutral.
Cap Ex fades further with increased buying policy lead times:
Production materials lead time rising 34.4 vs 27.4; Capital equipment lead time 127.2 vs 113.4; longest lead times in 19 months.
Chicago PMI Mar 48.2 vs prior 44.5 Full Report
Inside the number: New orders rose 53.9 vs 48.8, production 50.4 vs 46.5; moved to neutral,
Order backlogs plunged 36.8 vs 40.9; 5 out of 6 months in contraction; lowest since Nov 2001.
Prices paid increase 83.9 vs 79.4; becoming more pervasive; employment rate decline slowed 44.6 vs 33.5; 4th month below neutral.
Cap Ex fades further with increased buying policy lead times:
Production materials lead time rising 34.4 vs 27.4; Capital equipment lead time 127.2 vs 113.4; longest lead times in 19 months.
Comments