Chicago Manufacturing Index Improves Again

Chicago, IL, July 31, 2009–Manufacturing activity improved for the second straight month in the Chicago region in July.

The Chicago purchasing managers index rose to 43.4% in July from 39.9% in June, according to a survey of corporate purchasing managers released Friday.

The index has been improving since hitting an all-time low in March. Four of seven sub-components advanced during the month.

Readings below 50% indicate overall business contraction. The Chicago PMI is considered a leading indicator to the national Institute for Supply Management manufacturers’ survey to be released on Monday.