Chicago PMI rose to 64.1 in June, highest level since January - ISM

Eren Sengezer FXStreet

"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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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