Midwest manufacturing activity slides in August

By Reuters

Aug 31, 2015

A key Midwestern manufacturing gauge slipped modestly in August, according to a report released Monday.

The Chicago Business Barometer, also known as the Chicago PMI, dipped to 54.4 from 54.7 in July. Economists surveyed by The Wall Street Journal expected the index to register at 54.5. A reading above 50 reflects growth, while a sub-50 print indicate contraction.

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