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Chicago PMI Increases in June, Highest in Three Years

From the Chicago PMI: June Chicago Business Barometer at 65.7 vs 59.4 in May The MNI Chicago Business Barometer rose to 65.7 in June from 59.4 in May, the highest level in over three years....“June’s MNI Chicago Business Barometer Survey is a testament to firms’ expectations of a busy summer. With Production and New Orders touching levels not seen in three years, rising pressure on backlogs and delivery times has led to higher optimism among firms both in general business conditions and the local economy,” said Shaily Mittal, Senior Economist at MNI Indicators.
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