Open Demo Account
Home / Market Update / Chicago Business PMI at Highest Level Since 1973

Chicago Business PMI at Highest Level Since 1973

M. Ali 28 May, 2021 7:51 pm Market Update

The Chicago Business Barometer Index surged in May to reach a reading of 75.2 from a level of 72.1 in April, data showed on Friday.

The Purchasing Manager Index (PMI) reached its highest level since 1973, according to ISM-Chicago.

Robust demand helped boost the business activity, with the new orders index rising by 7.7 points in May to its highest level since December 1983.

Meanwhile, the production index declined by 2.3 points.

Tags

Check Also

Oil Prices End Higher as Holiday Trading and Geopolitical Risks Support the Market

Oil prices closed higher as traders positioned ahead of the U.S. holiday weekend, with lingering …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends