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Investor's Business Daily

| April 02, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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,

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