Tags: business | sentiment | Midwest | barometer

Midwest Business Barometer Picks Up in August

Friday, 30 Aug 2013 09:58 AM


The pace of business activity in the U.S. Midwest increased in August and input prices hit a nine-month high.

The Institute for Supply Management-Chicago business barometer rose to 53 from 52.3 in July, matching economists' expectations. A reading above 50 indicates expansion in the regional economy.

Prices paid rose to 65.2, a nine-month high, from 63.6. The gauge of new orders, however, rose to 57.2 from 53.9, while the employment component slipped to 54.9 from 56.6.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved