10:03AM Chicago PMI at 58.9 in August, tops forecast by Rachel Koning
CHICAGO (CBS.MW) -- Manufacturing activity in the Chicago region expanded in August. The monthly index stood at 58.9 vs. 55.9 in July, the National Association of Purchasing Managers - Chicago said Friday. Economists polled by CBS MarketWatch expected a reading of 56. Readings over 50 indicate more firms are reporting expanding business vs. contracting business.
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