Wednesday, August 02, 2000

Cincinnati economy grew a little




By

        The Cincinnati economy grew in July, but weakly, according to a poll by the National Association of Purchasing Management-Cincinnati.

        Fifty-eight percent of businesses polled reported their order backlogs are down, while only 8 percent said backlogs were up. More businesses also reported new orders are down, continuing an 11-month trend in slower growth.

        One weakening trend was that toward higher prices. Fewer businesses are reporting being charged higher prices for materials and equipment.

       



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