Feb. Chicago PMI seen falling to 53 from 56 in Jan

Newswire

NEW YORK, Feb 26 (Reuters) - Economists expect Friday's February Chicago Purchasing Management Index to fall to a 53 reading from January's reading of 56. The drop is seen more as a correction from January's dramatic rise from December that was, in part, fueled by a rebound in the auto sector. As in the national index compiled by the Institute for Supply Management, a reading above 50 in the Chicago PMI indicates expansion in the Midwestern manufacturing sector, while one below that ...

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