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Here comes Chicago PMI ...

Akin Oyedele   

Here comes Chicago PMI ...
Stock Market1 min read

The Institute of Supply Managers and MNI Indicators will release their monthly report on business activity in Chicago at 9:45 a.m. ET.

Economists forecast that the purchasing manager's index rose to 52 in September from 51.5, according to Bloomberg.

A reading above 50 indicates that business activity is still in expansionary territory.

Four of the five readings of the business barometer fell from July to August; only the employment component increased.

"On a trend basis, though, the July-August growth rates paint a slightly better picture - albeit still weak - than that seen earlier in the year," said Lorena Castellanos, senior economist at MNI Indicators, in the previous report.

More to come ...

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