Chi PMI: Slower Expansion Predicted @ Forex Factory

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Chi PMI: Slower Expansion Predicted

The June Chicago purchasing managers' index is expected to fall to 56 from 59.1 in May, according to a survey of economists by Market News International. The index will show continued expansion in Chicago's manufacturing sector if expectations are met, although at a slower pace than the previous month. When business activity is expanding, the index is above 50; when activity is contracting, the index is below 50. The Chicago PMI has fallen steadily over the past three months, led by losses in the "prices paid," "new orders" and "inventories" indexes. The production index offset losses in the May report, rising from 61 to 64.2. The most recent... Full Story

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