Electrical Marketing’s Leading Indicators, February 25, 2011

Purchasing Managers Index spikes 2.3 points in January. Purchasing managers must be feeling downright giddy about the future, as the closely watched PMI broke the 60-point barrier in January. Norbert Ore, chair of the Tempe, Ariz.-based Institute for Supply Management Manufacturing Business Survey Committee, said January’s 60.8 point performance is the PMI’s highest level since May 2004, when the index registered 61.4 percent.

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