Report title: Intraday Economic News: Chicago PMI Jumps To 54.1 In October
from S&P Credit Research
656 word report published Oct 30, 2009

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Abstract: The Purchasing Managers Index (PMI) from the Chicago chapter of the Institute for Supply Management jumped to 54.1 in October from 46.1 in September. The consensus was for a smaller rise to 48.1. The biggest improvements were in orders and production. Employment fell to 38.3 from 38.8. The move above 50 shows a surprise shift to growth; the index hit 50 in August, but dropped back in September with the drop in car sales. The improvement was unexpected and suggests stronger growth going into the fourth quarter.

Brief Excerpt: You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...

Report Type: Commentary
Sector: Global Issuers, Public Finance, Structured Finance
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