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The Chicago Purchasing Manager’s Index came in at 60.2 for January.Analysts expected the index to come in at 63.0, after a reading of 62.2 last month.
These numbers have been part of the positive data indicating economic strength, since a reading above 50 indicates improvement.
The Dow appears to have fallen sharply in the immediate wake of the announcement. It’s still up 37 points since trading began, however.