Open Demo Account
Home / Market Update / Chicago PMI Declines in February

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.

Tags

Check Also

Inflation at Risk of Getting Stuck Near 3%, Kansas City Fed’s Schmid Sounds the Alarm

In a pointed warning that underscores the Federal Reserve’s ongoing struggle with price stability, Kansas …

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