Chicago PMI In-Line

The Chicago Purchasing Manager's Index for June came in as expected. The reading was 59.1 versus the 59.0 consensus estimate. The Chicago PMI had a reading of 59.7 in May.

A reading over 50 indicates that manufacturing is in expansion mode. However, this was the second month in a row that the business barometer index came down versus the prior month. That index peaked at 63.8 in April.

Furthermore, June was the second month in a row that the indexes for new orders, order backlogs, and prices paid came down versus the prior month. The new orders index had a reading of 65.2 in April, 62.7 in May, and 59.1 in June.

The production index ticked up from 61.0 to 64.2 and the employment index increased from 49.2 to 54.2.

See Some of the Top Moving Indexes Here.