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Wednesday, November 6, 2024
HomeNewsEconomyMidwest Manufacturing Index Disappoints With Slowest Growth Since June 2013

Midwest Manufacturing Index Disappoints With Slowest Growth Since June 2013

(Photo: REUTERS)

The Institute for Supply Management-Chicago’s gauge of Midwest manufacturing in the region fell to 52.6 in July from 62.6 in June, widely missing economists’ expectations. Economists polled by Reuters forecast of a reading of 63.

The July measurement of the index is at its lowest level since June 2013.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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