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Chicago factory PMI edges up in June
Factory activity in the Chicago area continued to shrink in June, the results of a survey showed. The MNI Chicago Purchasing Managers' Index edged up from 40.4 points for May to 41.5. That was a bit short of the consensus forecast for an improvement to 44.2. Survey compiler MNI said that subindices for output and order backlogs inched up, even as all of the others weakened. Subindices for prices paid and inventories fell the most. The prices paid sub-index dropped by 7.5 points to 53.5 - its lowest level since April 2020. That for production rose 3.0 points to 42.6 and that for new orders was down by 0.1 points, the ... (full story)