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Macroeconomics  |  August 31, 2010 17:23:00

Midwest manufacturing activity slowed in August, and lagged behind expectations, PMI


Purchasing Managers' Survey for August Chicago PMI said that the seasonally adjusted index of manufacturing activity fell from 62.3 points to 56.7 points, but retained the expansion of the eleventh month. In July jumped by 2.9 points to 62.3 points and attacking the April highs. The 60 points confirms a very good situation the sector, 50 points separates growth from decline. A majority consensus PMI expected at 57.0 points. In March 2009 the index fell to 31.4 points and was the weakest since January 1981.

The production index decreased by 7.4 points to 57.6 and was the lowest since September 2009. Indicator new orders fell by 9.6 points to 55.0. In April, attacked four best 65.2 points. Both indicators remained in continuous expansion of the eleventh month.Work in progress indicator fell by 1.4 points to 56.2 and held the ninth month of growth. Indicator stocks went into decline, weakened by 4.3 points to 46.5 points in July increased by the same value.

Positive developments are still indicated by the indicator of employment, which decreased only by 1.1 points to 55.5 except May and remained in the growth of the past seven months. Indicator suppliers rose by 1.8 points to 61.2. In May, attacked the highest level since June 2004. Inflation indicator eased by a further 0.9 points to 57.2 points. ISM manufacturing index Nationwide comes first September. A majority consensus waits 52.9 points.

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