Business activity in the U.S. Midwest jumped to a six-month high in July, topping economists’ forecasts and showing expansion in the region for the first time since April, a report showed on Friday.
The Chicago Business Barometer for July was 54.7, according to the MNI Chicago Report. Economists had forecast the index at 50.5 for July, after June’s reading of 49.4. A reading above 50 indicates expansion in the sector.
July’s reading was the highest since January, when it read 59.4.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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