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Chicago PMI Inches Higher in June

MarketWatch (06/29/12) Steve Goldstein

The Chicago purchasing managers index increased to 52.9% in June from May levels of 52.7%, reports ISM-Chicago. Economists polled by MarketWatch anticipated a reading of 53.0%. There was a sizable rebound of production, a slight deterioration in new orders, and a further decline in order backlogs as well as an improvement in employment and slower supplier deliveries. Any reading above 50% indicates expansion.