Chicago PMI down 1 point from the previous value

– New Orders and Production Expand at a Slower Rate

– Employment Back Above 50

The MNI Chicago Business Barometer fell 1 point to 55.8 in July, slipping from the 1½-year high of 56.8 seen in June, led by a fall in New Orders. Smaller declines were seen in Production and Order Backlogs, which offset a strong increase in the Employment component.