While Chicago-area business activity saw continued growth in the month of August, a report released by the Institute for Supply Management - Chicago on Friday showed that the pace of growth slowed by more than economists had been anticipating.
The ISM Chicago said its business barometer fell to 53.0 in August from 53.7 in July, although a reading above 50 indicates continued growth. Economists had been expecting the business barometer to edge down to a reading of 53.5.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.