August Chicago PMI slipped 1.9 points from July but still up 6.9 percent year-on-year

The MNI Chicago Business Barometer slipped to a three-month low of 63.6 in August, down 1.9 points from July's 65.5.  A softening in Supplier Deliveries, Order Backlogs and Employment offset gains in Production and New Orders, driving the decline in the Barometer. However, it still sits 6.9% higher on the year and continues to signal robust business conditions.

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