Chicago PMI Barometer Heats Up to 63.8 From 58.8

The Chicago Purchasing Managers’ Business Barometer rose to 63.8 in April from 58.8 in March, the National Association of Purchasing Management-Chicago said Friday.

The production index rose to 63.1 from 60.5, the new-orders index rose to 65.2 from 61.8, the order backlogs index increased to 61.4 from 54.3 in the prior survey, and inventories fell to 50.1 from 52.4.

The employment index increased to 57.2 from 53.1 while the supplier deliveries index was at 64.9, up from 57.8 last month. The prices paid index increased to 71.4 from 66.6.

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