The recent released figure by Chicago Supply Management Academic society (Institute for Supply Management-Chicago) shows positively that companies in Chicago area has been active since July, recording the highest level since last year September.

With this positive data, it prompt analysts to foresee the economy could really be on its way to recovery, possibly ending the recession by this coming year end. Since July, Chicago’s area Purchasing Manager Index (PMI) has climbing to 43.4 mark, It was at 39.9 level in June . It touched the lowest level recorded in 29years, at 31.4 in March this year.

However, one is to note that even if it means an early end to recession, it doesn’t really mean an immediate strong bounce too ! If we are to look at the Job Index, it is still at low level at 35.3 in July, although it climbs up from 28.9 level in June.

Along with the figure released, the Price Index is at 35.0 in July ( was 36.3 in June ) ; Nnew Order Index is at 48.0 ( also up from 41.6 in June ) .

August Chicago PMI will be released by the society on August 31 accordingly.