Chicago Area Manufacturing Expands at Slower Rate
Chicago, IL, July 31, 2014 -- The Chicago Purchasing Managers Index fell sharply in July to its lowest level in more than a year.
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According to the Chicago business barometer, the index fell to 52.6 in July from 62.6 in June.
Economists were looking for a slight increase to 63.5.
Neverthless, the index remains over the 50 level which indicates expansion.