Business activity in the Chicago-area saw a notable slowdown in the pace of growth in August, according to a report released by the Institute for Supply Management - Chicago, although activity still expanded for the eleventh consecutive month.
The ISM - Chicago said its Chicago Business Barometer fell to 56.7 in August from 62.3 in July, with a reading above 50 indicating continued growth in business activity. Economists had been expecting the barometer to slip to a reading of 57.0.
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