The Chicago Purchasing Managers’ Business Barometer fell to 44.5 in February from 51.5 in January, the National Association of Purchasing Management-Chicago said Friday.
Economists polled by IFR Markets predicted a 50.0 reading for the indicator.
The prices paid index slipped to 79.4 from 81.7. The employment index decreased to 33.5 from 47.0; and the new orders index climbed to 48.8 from 44.7.
The firm said Saporito's hiring is among several other additions made to beef up Wells Fargo's commitment to munis.
While Kansas' sales tax and revenue (STAR) bond program recorded its first default late last year, Bonner Springs is considering using it for a development that includes a Mattel toy-themed amusement park.
Brodie Killian has moved to PFM from Stifel Nicholas & Co., joining its Ann Arbor office as a director.
April continues to be "harsh" for munis as the asset class has given up roughly 72 basis points in the first two weeks of the month, said Jason Wong, vice president of municipals at AmeriVet Securities.
The city may have to make deeper cuts next year if voters don't approve two tax increases headed for the November ballot, if the City Council approves.
The most recent open solicitation period, last October, yielded three proposals.
