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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




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.