“The MNI Chicago Business Barometer rose 1.4 points to 64.1 in June, up from 62.7 in May, hitting the highest level since January,” the ISM-Chicago reported on Friday.
Key quotes from the press release
- Business activity expanded at a faster pace in June, with firms’ operations up for a third consecutive month.
- Four of the five Barometer components strengthened on the month, leaving the Barometer up 0.8% on the year.
- Partially spurring the Barometer’s rise was a pick up in orders, up for a second straight month to a five-month high.
- The Employment indicator rose for the second month in a row in June.
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