Economic Update: Chicago Purchasing Managers Index
The Chicago Purchasing Managers Index (PMI) for June was reported at 52.9, which was above the consensus expectations for a reading of 52.7.
Note that the overall reading remains well above the 50 level, which indicates the expansion continues in the region.
The New Orders component was reported at 51.9 vs. 52.9 in May (third consecutive monthly decline)
Prices Paid: 54.0 vs. 60.4
Employment: 60.4 vs. 57.0
Inventories: 53.5 vs. 49.4
The Chicago PMI is designed to indicate the health of the manufacturing sector in the region. Readings above 50.0 indicate expansion while readings below 50 indicate contraction.
Other stories on the US Economy to review:
Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.