Chicago PMI Slides for 3rd Straight Month & Hits September 2009 Lows

Posted on May 31, 2012

The Chicago PMI business barometer index registered a seasonally adjusted 52.7 in May.

  • Production and new orders at lowest level since September 2009;
  • Prices paid lowest since September 2010;
  • Order backlogs contracting for first time since October 2009;
  • Inventories contracting
  • Employment growth slowing