Chicago Manufacturing Activity Still Expanding

Chicago, IL, May 28. 2010–Chicago-area manufacturing activity expanded for the eighth consecutive month in May, according to a report released by the Institute for Supply Management – Chicago on Friday.

However, the pace of growth showed a notable slowdown compared to the previous month.

The ISM – Chicago said its index of regional manufacturing activity fell to 59.7 in May from 63.8 in April, but a reading above 50 indicates continued growth in the sector. Economists had expected the index to slip to a reading of 60.0.