Chicago PMI Index fell to 54.9 in February from 58.5 in January Tuesday, February 28, 2006 4:57:30 PM http://www.fxstreet.com
FXstreet.com (Barcelona) - Business activity in the Chicago region slowed for the second straight month in February. The Chicago purchasing managers index fell to 54.9 in February from 58.5 in January according to NAPM-Chicago.
The index remains above 50, meaning the region continues to grow, but at the slowest pace since late August. Production and new orders indicators showed development at a slower pace than in January, but order backlogs, inventories, employment and supplier deliveries all grew at a faster pace than in January.The prices paid index remained high but continued to slip from the highs seen last year.
All of the basic indicators were above 50, and most actually showed improvement over their January levels.