Chicago Manufacturing Activity Expands at Slower Pace in March

[Purveyor]

Manufacturing activity in the Chicago area expanded at a slower rate in March, the Institute for Supply Management-Chicago said March. 31.

ISM’s business index declined to a reading of 55.9 from 59.8 in February. Readings of more than 50 indicate expansion.

The median forecast of 45 economists in a Bloomberg News survey called for the index to be unchanged at 59.8. Projections in the survey ranged from 56 to 62.

Chicago is a major center of U.S. manufacturing, which is one of trucking’s largest and most important customers.

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