• Chicago purchasing managers' index plunges to 45.8 in February

Market news

27 February 2015

Chicago purchasing managers' index plunges to 45.8 in February

The Institute for Supply Management released its Chicago purchasing managers' index on Friday. The index declined to 45.8 in February from 59.4 in January, missing expectations for a fall to 58.4. That was the lowest level since July 2009.

A reading below the 50 mark indicates contraction.

The decline was driven by drops in production, new orders, order backlogs and employment.

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