November Chicago Purchasing Managers Index At 62.5
(For November 2010)
Chicago Purchasing Managers Index was reported at 62.5. The consensus was at 61.0, prior reading at 60.6.
Regional manufacturing surveys signal improvements in November. Using rule of thumb I would say that industrial production in November will be slightly positive.
Chart 1. ISM vs. Chicago PMI and Regional Manufacturing Surveys
Chicago Purchasing Managers Index, Empire State Manufacturing Survey, ISM Manufacturing Index, Philadelphia Fed General Business Conditions Index, Richmond FED Manufacturing Survey