Chicago price index hits 59-year low
Dec 30, 2008 | 10:44 AM
| Corinna Petry
Further indications of the weakness of the economy emerged Tuesday, as members of the Chicago chapter of the Institute for Supply Management (ISM) reported that an index of prices paid reached a 59-year low and order backlogs reached a 28-year low this month.
The prices paid index fell to the lowest since June 1949, the group said in its Chicago Business Barometer report. Fifty-eight percent of survey respondents said prices fell in December, compared with 28 percent in November and 20 percent in October.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here