report revealed on Friday that business activity in Chicago expanded this
month, following twelve consecutive months of contraction.
The MNI Chicago Business Barometer, also known as Chicago purchasing manager's index (PMI) came in at 51.9 in July, up from 36.6 in June. That was the highest reading since May 2019. Economists had forecast the index to increase to 43.9.
A reading above 50 indicates improving conditions, while a reading below this level shows worsening of the situation.
According to the report, New Orders and Production recorded their largest monthly gains in July, while Supplier Deliveries fell to the lowest level since January 2020.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.