Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61089)	2/28/2002 1:53:42 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Chicago Feb PMI Expected To Increase By Allen Sykora futuresource.com Chicago, Feb. 27 (OsterDowJones) - Economists are looking for another rise in the Chicago Purchasing Managers Index that is due out Thursday, although expectations are that it will continue to lag behind the national index. Various news organizations are reporting that Wall Street economists are looking for a pick-up to around 47.0 to 47.4 in the PMI, after a reading of 45.1 in January. The report is due out from NAPM-Chicago at 1000 ET Thursday. "I think we just have a general sense that the manufacturing sector is doing better," said Dana Johnson, managing director and head of research for Banc One Capital Markets in the Chicago area. "The Chicago PMI has been lagging behind the national one somewhat. But with the more convincing upturn in the national one, the Chicago one is likely to follow." The national PMI, issued by the Institute of Supply Management, has risen from 44.7 in November to 48.1 in December to 49.9 in January. The Chicago index has risen from 41.1 in November to 41.4 in December to 45.1 in January. "We have strongly diversified manufacturing companies in the Chicago area, so we expect it to reflect the national trend," said Johnson. Gus Faucher, senior economist with Economy.com, looks for the Chicago PMI to be little changed to "up a little bit" from the previous month. While the data may show that the manufacturing sector is not yet expanding, "it's setting the stage for recovery," said Faucher.