More signs of a double dip.
The Chicago purchasing managers index is the first of three to be announced. It fell to 46.1% in September from 50.0% in August, according to the NAPM-Chicago. Readings below 50% indicate contraction.
The national ISM manufacturing index will be released tomorrow, and the national ISM non-manufacturing index on Monday.
This Chicago index is for both manufacturing and service activity and generally tracks the national index.
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