Friday, July 30, 2010

Chicago PMI shows expansion in July

by Calculated Risk on 7/30/2010 09:45:00 AM

From the Institute for Supply Management – Chicago:

The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER rebounded, marking a tenth month of growth.
The overall index increased to 62.3 from 59.1. Note: any number above 50 shows expansion.

Employment improved to 56.6 from 54.2 in June.

The new orders index increased to 64.6 from 59.1.

Overall this was a positive report. The national ISM manufacturing index will be released on Monday.