Chicago Manufacturing Index Improves Again

Chicago, IL, July 31, 2009--Manufacturing activity improved for the second straight month in the Chicago region in July.

The Chicago purchasing managers index rose to 43.4% in July from 39.9% in June, according to a survey of corporate purchasing managers released Friday.

The index has been improving since hitting an all-time low in March. Four of seven sub-components advanced during the month.

Readings below 50% indicate overall business contraction. The Chicago PMI is considered a leading indicator to the national Institute for Supply Management manufacturers' survey to be released on Monday.