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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 31 May 2013 [View all]Roland99
(53,345 posts)30. Chicago PMI surges past expectations
http://www.marketwatch.com/story/chicago-pmi-surges-past-expectations-2013-05-31
Chicago PMI surged to a reading of 58.7 in May, up from 49.0 in April, according to data released Friday, marking the best reading in over a year, just a month after the worst reading in three-and-a-half years. Economists polled by MarketWatch had expected a 49.9 reading. The rebound was highlighted by a surge in production, order backlogs, employment and supplier deliveries from contraction to expansion. Earlier, ISM-Milwaukee said its regional index tumbled to 40.7 from 48.4 in April. Readings above 50 indicate expansion.
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