Factory Growth in Chicago Up

Washington, DC, July 31, 2006–Factory activity in the Chicago region accelerated in July, the National Association for Supply Managment-Chicago said Monday.

The Chicago purchasing managers index rose to 57.9% from 56.5% in June.

Economists were expecting the index to fall to 55.8%. Readings over 50% indicate growth in the region.

The new orders index rose to 60.0% from 57.2%.

The prices paid index dipped to 86.8% from 89.0%. The employment index was steady at 50.5%.