Chicago PMI Shows Slower Growth in March

Chicago, IL, March 28, 2013 -- Chicago PMI in March dropped 4.4 percentage points to 52.4%, coming in below expectations.

Economists expected a 56.4% reading.

The report cited setbacks in new orders, production, order backlogs and inventories. Any reading over 50% indicates expansion.

                                                                                                                                                                                                                                                                                                                                                                                     
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