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Key Chicago Factory Index
Hits 19-Year Low In March
1The Chicago purchasing managers index dived to 35.0, much worse than expected and the worst showing since April 1982. It was 43.2 in February. Readings over 50 suggest growth, below 50 contraction. Subindexes for orders, production and jobs also were at their lowest levels since 1982. The report shows weak manufacturing, especially in auto-related industries in the Midwest.See Vital Signs on A2
Sticky Prices For Gasoline
Predicted For '01 Summer
2Gasoline inventories going into the summer driving season will be the same or less than last year, the Energy Information Administration said, and that means prices will stay high. Refineries will be running at full capacity and the U.S. will be highly dependent on imports. Meanwhile, the Federal Trade Commission found energy producers withheld fuel supplies to maximize profits, but there was no evidence that they conspired to raise gas prices last summer.
Consumers Slow Spending,