facebook
twitter
rss
account
search
search
 

Chicago business index up for July

July 31, 2013 at 11:31 AM   |   Comments

CHICAGO, July 31 (UPI) -- The Chicago Business Barometer rose from June to July but the gain fell short of expectations, the Institute for Supply Management said Wednesday.

The business index, covering Illinois, Indiana and Michigan, regained a portion of what it lost in June when it slipped from 58.7 to 51.6.

The index, which indicates growth with numbers above 50, rose to 52.3 despite declines in new orders, employment and production.

Each of those components came in above 50, the Institute said. In contrast, the index for order backlogs rose but remained below 50.

Production and new orders both dropped to the lowest levels since April. Inventories came in with the sharpest contraction since November 2009.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
2
GenDyn UK picks Lockheed Martin for vehicle turrets GenDyn UK picks Lockheed Martin for vehicle turrets
3
Thailand orders more aircraft from Airbus Helicopters Thailand orders more aircraft from Airbus Helicopters
4
Sandia National Labs develops zoom military rifle scope Sandia National Labs develops zoom military rifle scope
5
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
Trending News
Around the Web
x
Feedback