(Finance) – Manufacturing activity is worsening in the Chicago area, which however remains in the expansion zone.
In the month of July, the Chicago PMI index it stood at 52.1 points from 56 points the previous month. The figure is higher than analysts’ expectations, who were for a drop of up to 55 points.
It should be remembered that an index level above 50 points denotes an expansion while a level below 50 points indicates a contraction in the US manufacturing sector.