US Midwest business activity expands in May, strongest growth since 1973
Reuters
Published May 28, 2021 10:06AM ET
(Reuters) - Business activity in the U.S. Midwest jumped more than expected in May, accelerating to its highest level since November 1973 as demand provided a boost to business activity while supply constraints remain, a report showed on Friday.
The Chicago Business barometer rose to 75.2 from 72.1 in April, according to MNI Chicago. It is often looked at as a preview of how the national ISM survey due next week may come in.
Economists polled by Reuters had forecast the index at 68.0. A reading above 50 indicates expansion in the sector.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.