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.

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.

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