Chicago's manufacturing activity jumped to 10-month high in February

Source: Forexpros
The PMI in Chicago region soared much more than expected last month, hitting 10-month high, reported Kingsbury International. The PMI increased by 3.8 points attaining 64.0 on a seasonally adjusted basis in February as compared to 60.2 in the preceding month. Experts projected the PMI to expand by 1.6 points approaching 61.8 last month. The New Orders Index hit 11-month high of 69.2 while Employment Index jumped to 64.2.


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Thu, 01 Mar 2012 11:23:43 GMT

RBA Index of commodity prices posted 1% gain in February

RBA Index of commodity prices indicated a 1% increase in February on a monthly basis in SDR terms, following the same increase of 1% in the preceding month. The major drivers for a boost were essential growth of gold, iron ore and oil prices while prices of industry metals and agricultural commodities also made slight contribution to a jump in

Thu, 01 Mar 2012 11:41:29 GMT

Australian PMI indicated slower expansion in February

Australia's PMI expanded by 0.3 slower in February as compared to the preceding month, reported Australian Industry Group. The PMI attained 51.3 last month, being mostly led by growth in new orders, essential expansion in transport equipment, footwear and closing sectors. The manufacturers attributed slower expansion of the PMI to weaker demand, import competition, carbon taxes and stronger Australian Dollar.

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