(Tiper Stock Exchange) – Improve manufacturing activity in the Chicago area. In August 2023, the Chicago PMI stood at 48.7 points against 42.8 points the previous month. The data also results higher than expected of analysts, who were for growth up to 44.1 points.
It should be remembered that an index level above 50 points indicates an expansion while a level below 50 points indicates a contraction in the US manufacturing sector.