The Chicago Purchasing Managers index for August eased to 56.5 from the prior estimate of 58.8 and up from median estimates worth 53.3.

Zooming through the PMI report, we can see Prices paid eased down to 68.6 from 71.7, Production decelared to 57.8 from 64.3 and new orders fell to 56.9 from 59.4 in August, moreover inventories decreased to 52.9 from 53.2 while that emplyment rose slighlty to 52.1 from 51.5.