NAPM-Milwaukee: Economic Activity Increased Less Than Expected

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UPDATE:A key index measuring economic activity in the Milwaukee, Wisc., region showed improvement in February, although it increased less than forecast.

The Institute For Supply Management – Milwaukee, said the key business condition index gained 20 basis points month-on-month to end at 58.6.

Economists polled by Bloomberg were looking for the index to settle at 58.8.

NAPM-Milwaukee data was delayed 17 minutes from the 10:00 a.m. scheduled release.

ORIGINAL:

Minutes away from the next major announcement of the day: NAPM-Milwaukee Purchasing Managers Index.

Economists polled by Bloomberg are looking for a small gain of 40 basis points, moving the index to 58.8 for February.

Follow the announcement live here.

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