Economy
July 30, 2021
Chicago PMI Rebounds in July
Written by Brett Linton
The Chicago Business Barometer rebounded in July to a reading of 73.4, the second highest pandemic-era level, according to MNI Indicators. The July PMI is up 7.3 points over the month prior. MNI reports that demand is strong, but firms remain concerned about supply chain disruptions and rising prices.
Production rose ;8.8 points in July as demand remained high and some firms benefited from supply chain issues. New orders also signaled strong demand, increasing 5.4 points.
