Manufacturing activity in the Chicago region declined in May but showed expansion for an eighth straight month, the Institute for Supply Chain Management-Chicago said Friday.
ISM-Chicago’s monthly index fell to a reading of 59.7, from 63.8 in April. Figures of over 50 signal expansion, while below 50 indicate contraction.
The reading was below economists’ estimates of a decline to 61, Bloomberg reported.
Chicago is a major center of U.S. manufacturing, which is one of trucking’s largest and most important customers.
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