GO
Loading...

Midwest Business Activity Growth Slows: Chicago PMI

Getty Images

The pace of business activity in the U.S. Midwest slowed in March as the new order rate pulled back, a report showed on Thursday.

The Institute for Supply Management-Chicago business barometer fell to 52.4 from 56.8 in February, shy of economists' expectations for 56.5.

(Click here to track the U.S. stock market following the economic report.)

A reading above 50 indicates expansion in the regional economy.

The gauge of new orders slipped to 53.0 from 60.2, while the employment component edged down to 55.1 from 55.7.

Featured

Contact Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More