Chicago PMI Rises in July

Jul 31, 2018

Manufacturing activity in the Chicago-area unexpectedly accelerated at the beginning of the third quarter, industry data showed on Tuesday.

In a report, the Institute for Supply Management (ISM) said its Chicago purchasing managers’ index rose to a seasonally adjusted 65.5 this month, from 64.1 in June.

Analysts had expected the index to decrease to 61.9 in July.

On the index, a number above 50.0 indicates an expansion, while below indicates contraction.