Chicago PMI increases in April

Earlier, the Chicago PMI: April Chicago Business Barometer at 58.3 vs 57.7 in March The MNI Chicago Business Barometer increased to 58.3 in April from 57.7 in March , the highest level since January 2015. "The April Chicago report showcased another impressive month, with firms reporting solid growth. Rising demand and firm production led to a pick-up in hiring by firms. Although the employment indicator has been bumpy, in and out of contraction, if the current month's rise is sustained, it could provide a boost to the labor market," said Shaily Mittal, senior economist at MNI Indicators.......(read more)

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