Tags: Midwest | Business | Index | chicago

Midwest Business Index Rises in July

Tuesday, 31 July 2012 12:11 PM

The pace of business activity in the U.S. Midwest rose in July, as somewhat stronger new orders offset a weakening labor environment, according to a report out Tuesday.

The Institute for Supply Management-Chicago business barometer rose to 53.7, from 52.9 in June, beating economists' forecasts for 52.5.

A reading above 50 indicates expansion in the regional economy.

The forward-looking new orders index rose to 52.9, from 51.9, while the gauge of employment sank to 53.3 — the lowest level since July 2011 — from 60.4 last month.

© 2021 Thomson/Reuters. All rights reserved.

1Like our page
Tuesday, 31 July 2012 12:11 PM
Newsmax Media, Inc.
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved