Forex News: Chicago PMI 48.2 Better than expectations

                                  March  Feb.
                                  2008  2008
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Business barometer   48.2  44.5
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Prices paid                 83.9  79.4
Production                50.4  46.5
New orders             53.9  48.8
Order backlogs          36.8  38.3
Inventories               42.0  46.0
Employment              44.6  33.5
Supplier deliveries      54.9  39.6

Employment below 50 but better.  Prices paid showing that most manufacturers are seeing increased costs.  New orders back to growing on average.  But Order backlog not that hot.  Overall, although still contracting if there can be a good contracting report, this one shows some promise.