Tags: Midwest | business | employment | July

Midwest Business Barometer Picks Up in July

Wednesday, 31 July 2013 09:59 AM EDT

The pace of business activity in the Midwest picked up modestly in July, although growth in new orders and employment both cooled, a report showed on Wednesday.

The Institute for Supply Management-Chicago business barometer rose to 52.3 from 51.6, though it fell short of economists' expectations for an increase to 54.

A reading above 50 indicates expansion in the regional economy.

The gauge of new orders slipped to 53.9 from 54.6, while the employment component fell to 56.6 from 57.8. Inventories also tumbled to 37.7 from 41.4.

© 2024 Thomson/Reuters. All rights reserved.


Economy
The pace of business activity in the Midwest picked up modestly in July, although growth in new orders and employment both cooled, a report showed on Wednesday.
Midwest,business,employment,July
87
2013-59-31
Wednesday, 31 July 2013 09:59 AM
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