July 2018 Chicago PMI highlights

  • Prior was 64.1

  • Production grew at a faster pace

  • Prices paid rose at a faster pace (10-year high)

  • Employment expanded at a faster pace

  • New orders grew at a faster pace (six-month high)

  • Inventories hit 18-month low

The 65.5 reading matched the highest economist estimate. Those low inventories point to more growth in the months ahead. A lot of things are beginning to go right for the US economy.