RTTNews - Activity in the Chicago-area manufacturing sector continued to contract in the month of May, according to a report released by the Institute for Supply Management - Chicago on Friday, with the pace of contraction unexpectedly accelerating compared to the previous month.

The ISM-Chicago said its index of activity in the sector fell to 34.9 in May from 40.1 in April, with a reading below 50 indicating a contraction. Economists had been expecting the index to edge up to a reading of 42.0.

For comments and feedback: contact editorial@rttnews.com