Chicago PMI rises in June but short of forecasts

June's Chicago PMI: 49.4
June's Chicago PMI: 49.4

Business activity in the U.S. Midwest improved modestly during June, but fell short of forecasts, a report showed on Tuesday.

The Chicago Business Barometer for June was 49.4, according to the MNI Chicago Report. Economists had forecast the index at 50 for June, after May's unexpectedly weak 46.2. A reading above 50 indicates expansion in the sector.

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