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“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.