Chicago PMI business index falls slightly to 54.4 in August
The Chicago PMI, or business barometer index, fell slightly in August
but showed that the economy in the Midwest continued to grow at a
moderate pace toward the end of summer. MNI Indicators said the index
slipped to 54.4 points in August from 54.7 in July. Any number above 50
signals economic expansion. This is the last of the regional
manufacturing gauges before the release of the national Institute for
Supply Management poll on Tuesday.
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