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To: Gord Bolton who wrote (30944)	3/31/1999 1:20:00 PM
From: Alex	Respond to of 116982

NAPM-CHICAGO: AREA MANUFACTURERS PAY HIGHER PRICES IN MARCH CHICAGO (MktNews) - Prices area manufacturers pay for material surged in March, recording the largest jump since October 1980, the National Association of Purchasing Management-Chicago reported Wednesday. The prices paid index jumped above 50 to 52.5 in March from 41.6 in February. A reading below 50 means the economy is contracting while a reading above 50 means the economy is expanding. Over all, regional industrial economic activity as measured by the Chicago purchasers' index showed signs of modest growth in March. The Chicago purchasers business barometer climbed to 57.0 in March from 52.9 in February and 47.1 in January. A year ago the index registered 59.4. The region's inventories slipped in March but still remained above 50.0. The index was 52.9 in March from 54.0 in February. Production, new orders, order backlog employment and supplier deliveries all rose in March from February. Production rose to 64.1, the highest level since April 1998, from 55.2 in February. New orders rose to 58.2 in March from 53.2 in February and order backlog inched above 50.0 from 47.4. Employment rose to 53.8 from 53.1 in February. Supplier deliveries rose to 51.3 in March from 50.6 in February. MARKET NEWS INTERNATIONAL NEW YORK NEWSROOM 212 509 9270 [TOPICS:MAUDA$] 10:58 EST 03/31 © 1999 Market News Service, Inc. economeister.com