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Financial News: Growth In Chicago Business Activity Picks Up

Growth In Chicago Business Activity Picks Up

05/31/2017 - 12:22:00 (RTTNews)

(RTTNews) - NOTE: Institute For Supply Management - Chicago incorrectly stated its own numbers this morning, incorrectly reporting 55.2. The accurate number is 59.4, as reflected in the article below:

Business activity in the Chicago area grew again in May to the highest in more than two years, according to industry data released on Wednesday.

The Institute For Supply Management - Chicago said its composite index, also known as the Chicago PMI, rose to 59.4 for May. This compared to a reading of 58.3 for the previous month.

Any reading above 50 indicates expansion. Economists had projected a dip to 57.5.

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