“The MNI Chicago Business Barometer rose to a six-month high of 65.5 in June, up 1.4 points from 64.1 in June,” the ISM Chicago announced on Tuesday.
Key takeaways from the official publication
- Like the headline index, both New Orders and Production recorded six-month highs in July, traditionally a busy month for firms coinciding with the summer holiday season.
- The Prices Paid indicator rose to its highest level since September 2008.
- The Employment indicator rose for the third consecutive month in July, settling at a four-month high.
- Over half of firms were optimistic, expecting Q3 demand to usurp that of Q2.