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Chicago PMI Declines in February

M. Ali 26 February, 2021 7:37 pm Market Update

The Chicago Purchasing Managers’ Index (PMI) declined to 59.5 in February from 63.8 in January, data by ISM-Chicago showed on Friday.

Despite the decline, it is worth noting that for the index a reading above 50 indicates the expansion of the manufacturing sector, while a reading below this level indicates contraction.

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