Chicago Purchasing Managers Index Tumbles To 38-Year Low
PYMNTS
MAY 29, 2020
The widely watched Chicago Purchasing Managers Index fell to 32.3 All in all, the Index – which is also known as the Chicago Business Barometer – hit a 40-year low in May and marked its ninth consecutive month of a sub-50 reading, which indicates contraction. Meanwhile, the new orders component eased 2.3 Another 22.9
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