The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER rebounded in June and posted a twenty-first month of growth. BUSINESS ACTIVITY: PRODUCTION and NEW ORDERS accelerated to mark nearly two years of expansion while their three-month averages declined; ORDER BACKLOGS diverged from improvements in PRODUCTION and NEW ORDERS; Breadth of inflation reported in PRICES PAID eased for a third month. BUYING POLICY: Lead times reported for CAPITAL EQUIPMENT lengthened to a level not seen since June 2006. General Comments from Members of the Survey Panel Each month, the survey panelists have the opportunity to ... (full story)