Surprise! Chicago purchasers report wide, deep strength during July. The Chicago PMI rose to 62.3, a level right at the top of the recovery and indicating very strong, if not robust, month-to-month growth.
New orders jumped 5-1/2 points to 64.6, backlog orders shot up nearly seven points to 57.6. The employment index rose nearly 2-1/2 points to 56.6, well above break-even 50 to indicate hiring in the month.
Related posts:
- CHICAGO PMI STAYS STRONG
- CHICAGO FED NATIONAL ACTIVITY INDEX EDGES UP IN JULY
- CHICAGO PMI DIPS TO 58.8 IN MARCH
- CHICAGO PMI UP SHARPLY IN APRIL
- JULY ISM MANUFACTURING AT 55.5 VS 56.2
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