CNN/Money  

Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

graphic
News > Economy
graphic
Chicago PMI jumps
Closely watched measure of regional manufacturing rises above expansion level, forecasts.
May 30, 2003: 10:30 AM EDT

NEW YORK (CNN/Money) - A closely watched measure of manufacturing activity in the Chicago area surged in May, the region's purchasing managers said Friday, stronger than most economists expected.

The National Association of Purchasing Management-Chicago said its index of regional manufacturing jumped to 52.2 from 47.6 in April. Any reading above 50 signals expansion in the sector. Economists, on average, expected the Chicago PMI index to rise to just 48.8, according to a Reuters poll.

The index had slipped below 50 in March, showing contraction for the first time in five months. The pullback sparked concern about the U.S. economic recovery.

The employment component of the index fell to 43.6 from 43.7 in April. Prices paid fell to 53.7 from 55.9 last month.  Top of page


--from staff and wire reports




  More on NEWS
America is missing out on a tourism boom
How a refugee created 3,500 jobs in Britain
Supermarket chain to ban plastic packaging within 5 years
  TODAY'S TOP STORIES
Dow 26,000: Stock market is on fire
Millions more Americans were uninsured in 2017
How a refugee created 3,500 jobs in Britain




graphic graphic