US Midwest business barometer falls in August

CHICAGO, Aug 31 (BestGrowthStock) – Business activity in the U.S.
Midwest registered a slowdown in August, growing just shy of
the pace economists expected, a report showed on Tuesday.

The Institute for Supply Management-Chicago business
barometer dropped to 56.7 in August. The reading was 62.3 in
July, and economists had forecast an August reading of 57.

The employment component of the index fell to 55.5 from
56.6 in July. New orders fell to 55.0, from 64.6. A reading
above 50 indicates expansion in the regional economy.
(Reporting by Ann Saphir, Editing by Chizu Nomiyama)

US Midwest business barometer falls in August