Remember how I’ve been saying that whatever the state of the rest of the country Chicago is in recession? This morning the business barometer of the Chicago Purchasing Managers was released and it’s at its lowest level since September 2009 when the recovery was just a few months old. Factors cited include a decline in order, the drought, the change in the weather in the Gulf, the election year, and uncertainty about taxes, regulations, and public policy.
One interesting snippet:
Suppliers seem to be slower than ever with their orders, there seems to be no knowledge or creativity anymore if it isn’t on the computer they can’t do it.