Chicago PMI in March slowed to a reading of 58.7 from 64.7, MNI Indicators said. Any reading above 50 indicates improving conditions. Order backlogs fell...
Chicago PMI in March slowed to a reading of 58.7 from 64.7, MNI Indicators said. Any reading above 50 indicates improving conditions. Order backlogs fell into contraction territory, while production and new orders fell but were still above their January levels. Companies ran down their inventories at the fastest pace since July 2018. The average of 60 for the first quarter was the lowest in two years.
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