FXstreet.com (Barcelona) - Manufacturing sector's activity in the Chicago area has failed to grow for its third consecutive month in April, prices have eased, and the employment index has fallen considerably, according to the latest Chicago manufacturing PMI.
In April, the manufacturing activity index has edged up to 48.3 in April from 48.2 in March, against the experts expectations of a slight decline to 48.0, in a scale showing contraction of the sector's activity in figures below 50, and expansion otherwise.
Down to the different sub indexes, the employment index has posted the largest change, decreasing to 35.3 in March from 44.6 in April. The prices paid index has moderated mildly to 82.9 from 83.9 in the previous month. New orders index, a forward looking indicator of activity, has edged down to 53.0 from 53.9.